Risk magazine
Bloomberg provides STP for credit derivatives
Bloomberg has linked up with New York-based technology firm T-Zero to provide its users with an electronic affirmation process for credit default swaps (CDS). T-Zero’s straight-through processing (STP) will allow users to capture and communicate trade…
Barclays hires 15 to equity division
Barclays Capital has hired 15 people across its equity-linked sales, trading and research desks in Europe, the US and Asia. The hires began at the beginning of the year, bringing the number of staff working across the equity division of the bank to 165,…
LCH.Clearnet chief Hardy resigns
David Hardy, chief executive of the London-based clearing house LCH.Clearnet, resigned yesterday, just two months after the departure of the company’s chairman, Gérard de la Martinière.
ABN Amro and Woori form fixed-income alliance
Dutch bank ABN Amro signed an agreement on June 26 to provide Korean firm Woori Investment & Securities with fixed-income derivatives expertise, including intellectual capital, product capability and IT systems.
New CIO for Tullett Prebon
Interdealer broker Tullett Prebon has named John Del Vecchio as its new chief information officer.
CME buys Swapstream
The Chicago Mercantile Exchange has paid $15 million for the London-based swaps trading platform Swapstream.
BGC appoints global head of inflation
Inter-dealer broker BGC has promoted D’Arcy Miell to global head of inflation products at its London headquarters. He moves from the broker’s New York office, where he worked as a director of US inflation derivatives for the past three years.
BoA snares Taishin's CRO as its new Taiwan chief
Financial markets veteran James Lin has become Bank of America’s (BoA) chief executive in Taiwan, moving from local firm Taishin Financial Holdings, where he was chief risk officer.
BNP Paribas adds to London fixed-income sales
BNP Paribas has recruited two senior fixed-income salesmen from Deutsche Bank for its flow rates sales team in Europe.
Most funds lack internal controls and capability to handle derivatives, says PwC
Most fund management companies do not have adequate internal controls and are unable to handle derivatives properly, according to a survey by UK accountants PricewaterhouseCoopers (PwC).
Algorithmic trading accounts for 20% of forex trades
The algorithmic trading market has mushroomed to around one-fifth of the total volume of foreign exchange trading, according to Icap, the London-based interdealer broker. Latest figures show that application programming interface (API) or 'black box'…
ABN Amro creates emerging market ABS role
ABN Amro has appointed Gary Watmore to the newly created position of head of emerging markets asset-backed securitisation (ABS) in London. He moves from the bank’s Hong Kong office, where he was most recently head of Asian ABS.
Isda complains about FSA treatment of CFDs
The International Swaps and Derivatives Association has complained that proposed UK rules regarding disclosure requirements for contracts for difference (CFD) transactions will hamper the growth of the market.
Industry to call for €50,000 minimum EU hedge fund threshold
An industry body formed to analyse the current organisation of the alternative investments business in the European Union (EU) will tomorrow call for no specific regulation of hedge funds save for a minimum investment threshold requirement of €50,000.
Markit to supply FSA with CDS pricing
The UK Financial Services Authority (FSA) has picked Markit to supply pricing information on credit derivatives.
SunGard expands Asian operations
Financial software vendor SunGard has boosted its Asia-Pacific presence with the rollout of an order-to-cash process system called AvantGard Getpaid, and increased on-the-ground support in Singapore and Malaysia.
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