Risk magazine
BarCap builds equity derivatives desk in Tokyo
Barclays Capital has made three recent appointments to its new equity derivatives desk in Tokyo, bringing the team up to four traders and two structurers.
Silvotti joins RBS
Royal Bank of Scotland (RBS) has hired Roberto Silvotti as joint head of exotic credit derivatives to work alongside Vincent Dahinden.
Two more Korean firms secure OTC derivatives licences
South Korean firms Dongbu Securities and Seoul Securities have received over-the-counter derivatives licences, the highest level of dealing licences in Korea, enabling them to issue equity-linked derivatives, securities and warrants.
Citi hires oil trader in Singapore
Citi hired Craig Smyth in early September as an oil trader in Singapore, taking the US bank's commodities headcount in Asia to 14.
Dealers gain licences to trade HK property derivatives
Five dealers have secured licences to trade residential property derivatives based on the University of Hong Kong real estate index series (HKU-REIS). The firms – Deutsche Bank, Goldman Sachs, Lehman Brothers, Merrill Lynch and Morgan Stanley - join ABN…
RBC Capital Markets appoints research heads
RBC Capital Markets has hired Russell Jones as head of fixed income and currencies global research.
Carbon-trading log ready by November
The Kyoto Protocol’s international carbon-trading market is set for expansion, with the introduction of a worldwide transaction log by the end of the year. The International Transaction Log (ITL) will link the carbon registries for each Kyoto nation…
BNP rejigs global debt syndicate teams
BNP Paribas has made changes to its New York and London debt syndicate teams.
Ortner arrives at BarCap
William Ortner has joined Barclays Capital as New York-based head of equity product origination for the Americas. He will lead the firm’s equity-linked financing and corporate equity derivatives divisions and report to Craig Orchant, head of corporate…
SocGen creates new regional e-commerce role
Société Générale has added to its fixed-income, currencies and commodities e-commerce team, hiring a new regional head.
Weather derivatives help fulfil Millennium Promise
Reinsurer Swiss Re has structured a weather derivatives deal to help lessen the effects of drought on African farmers for the Millennium Promise Alliance (MPA), a charity that aims to end extreme poverty worldwide by 2025.
Olson and Goldshmidt join RBC in emerging markets
RBC Capital Markets has appointed Eric Olson and Ron Goldshmidt in emerging markets trading.
BNP Paribas appoints senior prop trader
BNP Paribas has appointed Edmund Shing as senior proprietary trader within its equities and derivatives business. Shing will run a sector-based proprietary book and will be based in Paris.
CBOE and Taifex sign MOU
The Chicago Board Options Exchange (CBOE) and the Taiwan Futures Exchange (Taifex) signed a memorandum of understanding (MOU) on September 6 on the sharing of information for the development of options and other derivatives products.
Spike in equity volatility causes pain
A spike in equity volatility last month has caused anxiety among equity derivatives dealers, many of which were short volatility, and raised fears that a prolonged increase could generate hefty mark-to-market losses in equity derivatives trading books.
Lloyds TSB makes more derivatives hires
Lloyds TSB has added four senior staff to its London derivatives team.
Bank of England and ECB act to boost markets
The Bank of England (BOE) and the European Central Bank (ECB) both left interest rates unchanged, but eased liquidity supply as the credit squeeze continued today.
US regulators encourage loss-mitigation strategies
Six US regulatory agencies have called for more loss-mitigation strategies to prevent homeowner defaults on mortgages. In a joint statement released yesterday they said that all regulated financial institutions that service mortgage loans should take…
SG CIB appoints global head of export finance
Société Générale Corporate and Investment Banking (SG CIB) has appointed Denis Stas de Richelle as global head of export finance. He has replaced Frédéric Genet, who has become senior banker within the corporates, institutions and advisory division.
Derivative Fitch appoints New York head
Richard Hrvatin has joined Derivative Fitch's quantitative structured credit innovation (Q-SCI) team to head the New York arm of the group.
Latin American securitisation thrives
Securitisation in the Latin American market has grown over the past five years, but the market is still in its infancy, according to the latest Bank for International Settlements (BIS) quarterly review.
Credit funds: Behind the rhetoric
As fund after fund succumbs to emergency measures to halt redemptions, shore up funding or sell off structured credit assets, the terms used to describe them are too often blurred and confused.
Standard Bank names new commodities trading head
Arvind Hariharan has joined Standard Bank as global head of the bank’s commodities hybrids and structured derivatives trading team.
Liffe lists JP Morgan index future on Bclear
JP Morgan and London-based derivatives exchange Liffe are pairing to launch a bespoke index future on Liffe's Bclear platform on September 10.