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Evolution to open Calgary office in July
Energy broker Evolution Markets will open an office in Calgary, the centre of the Canadian energy-trading markets, in early July.
Nord Pool names new head of financial markets, launches new contract
Oslo-based electricity exchange Nord Pool has made two new appointments and is about to launch a new contract for hedging the power price difference between the German and Nordic power markets.
New carbon brokerage targets non-power-sector SMEs
Three senior players in the European emissions trading market have launched Carbon Capital Markets, a broker-dealer service that targets small to medium-sized companies (SMEs) outside the power sector.
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.
Freight looks forward
Freight derivatives are increasingly seen as a key risk management tool. Banks and hedge funds are also trading them. But will the growth in liquidity continue, or is this another false start for the market? Stella Farrington reports
Stateside summit
Adding to the success of Energy Risk Europe in March, last month’s Energy Risk USA conference raised some lively debate. ERM, credit risk and the problems facing quant analysts were among the hot topics. Oliver Holtaway reports
FSA director Huey Evans quits to head hedge fund unit
Gay Huey Evans, currently the Financial Services Authority’s (FSA) director of markets, is to leave the UK regulator to join hedge fund manager Tribeca Global Management, on September 1.
UBS expands energy group and starts trading oil in Canada
UBS Commodities Canada moved into larger Calgary offices in May to accommodate its expanding energy-trading team, including a shift into crude oil. The firm, part of investment bank UBS, has hired its first crude oil trader, its first options trader and…
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 .
SEC chief steps down
Chairman of the US Securities & Exchange Commission (SEC) William Donaldson has resigned his position to return to the private sector, leaving a demanding job at the country's lead regulatory agency of the securities industry.
RBS hires head of high yield trading
The Royal Bank of Scotland (RBS) has hired Brent Eastburg as head of high yield trading in its capital markets unit.
Getting the Continental drift
us prime broking
Hedge funds jitter as motor giants crash into skid row
distressed debt
Squaring the gearing circle
roundtable: funds of hedge funds leverage
Should we tell the President?
US focus: inside the president's mind
Smart money
Sandra Manzke has built an enviable reputation over decades on thinking differently. So it is little surprise that, as the hedge fund universe homogenises, she is setting off to ventures new
In the futures perfect
Malta's Michael N Trading is employing three systematic trading models in its Bond/Bund programme, then picking the best performer at the time to run the money