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Equiduct Challenges Project Boat
LONDON—Although Project Boat has been recently hailed as the answer to one of the key Mifid reforms to come on Nov. 1, 2007, the initiative is facing challenges from the newly created Equiduct as well as from other exchanges mulling their own offers.
More staff changes at Bear Stearns
Bear Stearns has appointed Morad Mahlouji and David Austin as co-heads of fixed-income sales in Europe, based in London.
Two leaving Icap FX team
Two members of Icap's spot FX team are to leave. Garry Munday, head of spot FX in London, will be joining WestLB later this month, and Rene Simonsen, based in Copenhagen, will be joining Nordea in December.
Standard Chartered appoints head of client research
Standard Chartered has appointed Alex Barrett to the newly created role of head of client research across all global markets.
Oman implements historic change to pricing of crude oil
In an historic move which could have wide-ranging implications for crude oil trading in Asia, Oman has announced it will price its crude on the settlement price of trading at the Dubai Mercantile Exchange (DME).
Puth quits JP Morgan
David Puth, head of global currencies and commodities at JP Morgan, has quit the US investment bank. Senior executives at JP Morgan said they were "very surprised" by his departure.
Dresdner Kleinwort names new head of equity and credit derivatives
Mark Richardson has joined Dresdner Kleinwort in London as head of equity and credit derivatives.
Spectron snares global weather head from Icap
London-based energy broker Spectron Group has hired Mike Scharfenberger as its global head of weather.
Deutsche Bank names chief credit officer
Stuart Lewis has been named Deutsche Bank's chief credit officer and deputy chief risk officer, a newly-created position.
Treasury and FSA publish discussion paper on insurance group supervision
UK regulators aim to overhaul the insurance industry with a minimum of regulatory burden.
Solvency II advice and consultations release
Activity is increasing on the directive, and consultations on the high-level principles have been issued.