Risk magazine
Markit signs new derivatives processing client
Markit, the London-based data provider, has signed asset managers CQS as a client of its trade-processing service.
Ice and Nybot agree to merge
The Intercontinental Exchange (Ice) and the New York Board of Trade (Nybot) have agreed to merge.
JP Morgan uses T-Zero for prime brokered CDS
New York-based technology firm T-Zero has announced its prime brokerage electronic affirmation utility has been used by a JP Morgan client for the first time.
MarketAxess appoints new president
MarketAxess, the New York-based trading technology firm, has appointed Kelley Millet as president.
Misys launches new future-proof credit derivatives module for Summit FT
Misys Banking Systems, based in London, has released a credit derivatives module for its Summit FT platform to handle the growing size and complexity of the credit market.
Citi launches alternative investment service in Asia
Citigroup has extended its alternative investment service so that hedge funds in the Asia-Pacific region can now outsource their administration requirements.
Deutsche Bank hires Gulf head
Deutsche Bank has hired Nicholas Hegarty as head of banking for the Gulf Co-operation Council (GCC) region.
SG expands equity derivatives team in Japan
Société Générale Corporate and Investment Banking (SGCIB) has hired a team of five equity derivatives traders from Daiwa Securities in Tokyo.
ABN Amro hires inflation trading head
Amsterdam-based ABN Amro has hired Paul Canty as European head of inflation trading.
Deutsche leads Risk survey again
Deutsche Bank has beaten JP Morgan into second place for the second year running in Risk’s annual interdealer survey.
BNP adds five to metal derivatives team
BNP Paribas, the Paris-based bank, has appointed five base and precious metal marketers to its commodity derivatives group.
China Financial Futures Exchange opens
The China Financial Futures Exchange opened for business on September 8 in Shanghai. The exchange is expected to start trading stock index futures soon, although a spokesman from the China Securities Regulatory Commission (CSRC) declined to specify when…
Icap wins interdealer broker survey
The London-based interdealer broker Icap has come top of Risk’s 2006 broker survey.
BIS says derivatives trading remains buoyant
Growth in international derivatives trading on exchanges stabilised in the second quarter with an increase of 13% between April and June, following a surge of 24% in the previous quarter, according to the latest Bank for International Settlements (BIS)…
Bear Stearns expands precious metals team
Bear Stearns has expanded its precious metals group. It is offering over-the-counter forwards, options, swaps and structured products, as well as spot trades, in London, New York and Hong Kong.
BNP Paribas hires Osborn-Barker to expand pensions coverage
BNP Paribas has appointed Tony Osborn-Barker as global head of pensions in the fixed-income global risk solutions group, a newly created position based in London.
BNP Paribas hires for securitisation
BNP Paribas has appointed Arjan Verbeek as co-head of flow products within the securitisation group, a newly created position based in London.
Tradition plans high-yield CDS offering
Tradition, the London-based interdealer broker, plans to offer European high-yield and crossover credit default swaps (CDSs) by the end of the year.
Atos Euronext Market Solutions names Asia head
Atos Euronext Market Solutions (AEMS), a London- and Paris-based supplier of exchange systems, has appointed Jessie Pak as head of Asia.
GFI to acquire most of Amerex in US
GFI, the New York-based interdealer broker, has announced it will acquire the bulk of Amerex Energy’s North American operations. The deal, worth $86 million, is due to be completed before the end of October.
Bürgenstock 2006: McCreevey may force exchanges to end clearing monopolies
High clearing charges are limiting the growth of Europe’s capital market and the European Commission should act now to open the clearing market to competition, according to speakers attending a Swiss Futures and Options Association conference in…
B ü rgenstock 2006: Regulators 'out of touch' on Mifid
Many European regulators and firms are still not ready for the effects of the Markets in Financial Instruments Directive (Mifid), warned delegates attending the Swiss Futures & Options Assocation annual conference in Burgenstock, Switzerland, today…
Washington Mutual to issue covered bonds
Washington Mutual Bank (WMB) will become the first US bank to issue covered bonds. The first €3 billion issuance of what is expected to be a €20 billion programme is scheduled to be priced at the end of the month. WMB is the third largest residential…
JP Morgan makes senior appointment in pensions advisory group
JP Morgan has announced the appointment of Kevin Carter as managing director and head of the investment bank’s pension advisory group for Europe, Middle East and Africa (EMEA).