Risk magazine
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.
FSA’s Huertas hits out at CPDOs
Thomas Huertas, director of wholesale firms at the Financial Services Authority, has lashed out at the use of constant proportion debt obligations (CPDOs), a new breed of synthetic credit investments.
Risk USA: Panelists discuss best practices in the energy market
John D'Agostino, former founding partner and chief operating officer of MotherRock, a Houston-based hedge fund that closed in August, and currently chief executive of New York-based consultancy Dagger, emphasised the difficulties in determining the…
Risk USA: Hancock calls for a reappraisal of risk management
Peter Hancock, president of Integrated Finance, a New York-based hedge fund and consultancy, urged managers to rethink the way they view risk. The dialogue on risk drivers has been “hijacked” by those who either oversimplify the process or become bogged…
Pension funds should use mark-to-market accounting, says Rhode
Lars Rhode, chief executive of the $71.4 billion Danish state pension fund ATP, told delegates attending Risk USA’s derivatives and risk management conference in New York that pension funds must be seen as financial institutions and follow the same…
Deutsche Börse pulls out of Euronext bid
German stock exchange operator Deutsche Börse has abandoned its effort to acquire pan-European derivatives exchange Euronext, clearing the path for the New York Stock Exchange (NYSE).
Electronic trading resumes at CBOE
Electronic trading resumed on Monday on the Chicago Board Options Exchange (CBOE), after a technical fault caused its electronic platform to shut down on Friday morning (November 10).
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.
LME mini contract launch postponed
The London Metal Exchange is postponing the launch of its new miniature copper, aluminium and zinc contracts for two weeks.
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.
Industry opposes transparency rules in non-share markets
The European Commission (EC) doesn't need to act to improve transparency in financial markets, a poll of industry members found.
Spectron snares global weather head from Icap
London-based energy broker Spectron Group has hired Mike Scharfenberger as its global head of weather.
GFI and CB Richard Ellis group in US real estate derivatives venture
New York-based interdealer broker GFI Group and Houston-based CBRE Melody, the mortgage brokerage subsidiary of CB Richard Ellis Group, have launched a joint venture to develop a market for US real estate derivatives.
Municipality Finance issues Finnish inflation-linked bond
Finland-based public sector credit institution Municipality Finance has launched a Finnish inflation-linked bond.
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.
Isda takes first steps to settle Dura CDS
The International Swaps and Derivatives Association has released a protocol for settling credit derivatives on Dura, the US auto parts producer that filed for bankruptcy on October 30.
Deutsche Börse merger talks with Borsa Italiana break down
Frankfurt-based securities and exchange operator Deutsche Börse has pulled out of merger talks with Milan-based Borsa Italiana, after failing to agree on moves towards a joint venture.
LME rolls back Select after upgrade fault
The London Metals Exchange will abandon an upgrade to its LME Select electronic trading system, after a fault disrupted trading several times this week.
FSA warns of default risk
The growing use of credit derivatives and the rise of private equity mean that a large-scale default could be a much more complex and serious event in the future, according to the UK Financial Services Authority.
Autos and telecoms dominate CDS trading again
Automobiles in the US and telecom companies in Europe were again the busiest sectors of the credit default swap market in October, according to a report from the US interdealer broker GFI.
ABN Amro launches new UK structured products business
ABN Amro has launched a new UK-based business to provide easy access to innovative structured products through a regulated fund vehicle.
Bear merges European debt and equity origination
Bear Stearns’ European division is merging its debt and equity origination groups into a new capital markets group.
ISE hits out at CBOE on exclusive index option listings
The New York-based International Securities Exchange (ISE) is challenging the exclusive listing of two major index options on the Chicago Board Options Exchange (CBOE) through a formal complaint.