Risk magazine
Collateral crisis
Collateralised loan obligations
Bclear tops 100 million contracts
Euronext.Liffe's Bclear wholesale equity derivatives clearing service registered its 100 millionth contract last week.
Man Group plans hedge fund IPO
Man Group is planning to list its Man Dual Absolute Return Fund, a new closed-end hedge fund, on the New York Stock Exchange.
Eqecat launches offshore energy model
California-based risk modelling firm Eqecat has launched an offshore energy model for the Gulf of Mexico region.
Cantor to merge eSpeed and BGC
New York financial services provider Cantor Fitzgerald has announced that it will combine its electronic brokerage eSpeed, also based in New York, with its BGC Partners inter-dealer broker, to create BGC Partners Inc.
ICE and CBOE reach $665m agreement over CBOE exercise rights
IntercontinentalExchange (ICE) has reached an agreement with the Chicago Board Options Exchange (CBOE) to pay full members of the Chicago Board of Trade (CBOT) compensation for the loss of CBOE exercise rights they would experience, should CBOT merge…
Icap Electronic Broking appoints John Nixon as CEO
Interdealer broker Icap has appointed John Nixon as chief executive of its electronic broking division (IEB).
BarCap launches buy-write ETN
Barclays Capital has created a new iPath exchange-traded note (ETN) linked to the Chicago Board Options Exchange (CBOE) S&P 500 BuyWrite Index.
Merrill Lynch reorganises leadership
Gregory Fleming and Ahmass Fakahany, the two newly appointed co-presidents of Merrill Lynch, have begun their tenures by shaking up senior management beneath them.
Markit estimates first-day volume of $11 billion on LCDX
The LCDX index of North American loan credit default swaps (LCDS) saw trades totalling over $11 billion notional during its debut on May 22, according to London-based data provider Markit.
Deutsche Bank launches dbARB
Deutsche Bank has followed in the footsteps of Merrill Lynch and Goldman Sachs with the launch of its own hedge fund replicating index, the db Absolute Return Beta index (dbARB).
Nymex considers lawsuit against Optionable
The New York Mercantile Exchange (Nymex) may take legal action against Valhalla, NY-based brokerage firm Optionable, the exchange’s chief executive officer James Newsome announced this week.
Markit launches ABCDS spread service
London-based data provider Markit has begun a daily service providing fair-value spreads for credit default swaps (CDS), referenced to certain asset-backed securities (ABS) in North America.
EDF Trading hires Jasvinder Badyal as senior derivatives trader
EDF Trading, the wholesale energy trading subsidiary of EDF, has appointed Jasvinder Badyal as a senior derivatives trader in its structured derivatives and pricing group.
Deutsche Bank hires Miranda to push into EM prime broking
Deutsche Bank Securities has appointed Luciana Miranda as a managing director in the fixed-income prime brokerage group, within the bank's global markets division.
EIB expands fundraising with two new bonds
The European Investment Bank (EIB), the multi-government-owned financing arm of the European Union, has launched two new bonds, a multinational environmental bond and its first rouble-denominated issue.
ABN Amro lists index products in Singapore, poaches from Calyon
ABN Amro will list a new range of equity-linked products on the Singapore Exchange on June 1, says Miles Ashton, head of sales for private investors products, Asia at ABN Amro.
FSF warns of hedge fund risks
The growth of the hedge fund industry is hindering risk management and valuation processes and is putting margins under pressure, says a report by the Financial Stability Forum (FSF), issued on Friday (May 18).
Citi and FTSE launch first Vietnam equity index
US bank Citi and index provider FTSE Group today launched the FTSE Vietnam Accessible Index (VAI), the first Vietnam equity index for foreign institutional investors.
ABN and Grosvenor in first Australian property swap
Grosvenor Group, an international property company, and Dutch bank ABN Amro, announced on May 21 that they have agreed the first Australian property derivatives transaction.
Deutsche Bank continues prime brokerage expansion
Deutsche Bank has appointed five new staff for its prime finance operations worldwide.