JP Morgan
JP Morgan joins Bloomberg SwapTrader
JP Morgan has become the latest investment bank to provide prices through SwapTrader, Bloomberg’s multi-dealer euro interest rate swap dealing platform for end-users launched in February, signalling a further move towards the electronic execution of…
JP Morgan offers clients collateral service
JP Morgan Chase has developed a collateral management service called JP Morgan CommanD.
JP Morgan boosts currency and commodities business
JP Morgan Chase has hired five vice-presidents for its global currency and commodities unit in London.
JP Morgan nabs two from Lehman
JP Morgan has made two senior hires in trading and sales from Wall Street rival Lehman Brothers.
JP Morgan bolsters derivatives marketing business
JP Morgan has hired four derivatives marketers for its streamlined derivatives marketing unit, including two managing directors from Deutsche Bank. They are the first significant appointments by the US investment bank since a steady stream of senior…
BarCap expands equity derivatives coverage
Barclays Capital has expanded its equity derivatives coverage with the hiring of Luca Agostini and Hermann Bader as directors in strategic equity derivatives.
Group of 26 grinds to a halt
The proposals from the Group of 26 fund managers calling for improved covenants were supposed to herald a new era of protection for bondholders. But nearly two years later, the impetus for change seems to have stalled. Laurence Neville reports
Deutsche grows asset finance division
Deutsche Bank has hired former JP Morgan vice-president Dennis Knitowski as a director in asset finance within the global markets division.
Merrill Lynch nabs 23 derivatives marketers from JP Morgan
Merrill Lynch’s raid on JP Morgan Chase’s derivatives marketing unit has resulted in 23 derivatives marketers joining the US securities dealer. The move represents one of the largest derivatives team defections seen in Europe and appears to contradict JP…
A place on the grid
A growing number of banks have implemented grid technology for their risk management and derivatives trading businesses, allowing them to borrow spare capacity from dormant computers to process complex tasks in a fraction of the time. By Clive Davidson
CDS on ABS set for growth as documentation and sentiment improves
Asset-backed security (ABS) derivatives look set to gain increased popularity, firstly following the release of a template for ABS credit default swap (CDS) trading by the International Swaps and Derivatives Association, and second due to various bankers…
Fixed income specialists quit JP Morgan for BoA
Bank of America has bolstered its European commercial paper (ECP) business in London with five senior hires, all from JP Morgan Chase.
Barclays hires Meli as head of US structured credit
Barclays Capital has hired Jeff Meli as director and head of US structured credit and quantitative strategy in New York .
Newly promoted Polverino quits JP Morgan for Merrill Lynch
Antonio Polverino, whom JP Morgan appointed as head of corporate derivatives marketing in March, has jumped ship to take a similar position at Merrill Lynch.
Deutsche promotes Javid to head emerging market structuring
Deutsche Bank has promoted Sajid Javid to the position of global head of emerging market structuring. He was previously head of the emerging markets structuring group for Europe, the Middle East and Africa.
iTraxx credit-linked notes launched
International Index Company, the Frankfurt-based firm that administers the European and Asian iTraxx credit derivative indexes, has launched three five-year iTraxx credit-linked notes.
Market Axess and DTCC team up to offer CDS index trading system
Electronic bond trading platform company MarketAxess has teamed up with the Depository Trust & Clearing Corporation's (DTCC) and 11 global dealers to create an electronic client-to-dealer trading platform for credit default swap (CDS) indexes. The CDS…
Lehman boosts European equity derivatives unit
Lehman Brothers has hired three former JP Morgan equity derivatives specialists to beef up its European business.
Rodriguez quits JP Morgan interest rate sales team
Tracey Rodriguez has resigned from JP Morgan Chase, where she worked as a senior salesperson in London, covering interest rate products and reporting to desk head Sikander Ilyas.
JP Morgan and SunGard collaborate on collateral management system
JP Morgan Chase and SunGard have teamed up to create a collateral management system based on SunGard’s Adaptiv product for over-the-counter derivatives. Aimed at smaller end-users, it will allow existing JP Morgan clients, such as corporate treasurers,…
JP Morgan rationalises marketing units in credit and rates
JP Morgan Chase has rationalised sales and marketing in its European credit and rates business, according to a internal memo by Tony Best, the London-based head of European investor client management, on April 1.
JP Morgan boosts gas and energy team
JP Morgan has hired George Taylor as both global head of gas and power trading and US head of gas and power, having spent five years at Morgan Stanley. He reports to David Kitson, head of global energy.
Lehman continues equity derivatives hiring spree
Lehman Brothers has appointed Arnaud Apffel as co-head of European equity corporate derivatives, alongside Marco Di Prima in London. He will report to Philip Lynch, head of global finance in Europe and David Bizer, co-head of equity sales in Europe.
Creditex, Markit and major dealers launch European credit fixings
Creditex, Markit and seven credit derivatives dealers today launched 'tradeable credit fixings' in what the backers hailed as a "milestone" in the development of the credit derivatives market.