Risk magazine
Burnt by contango
Investors have poured tens of billions of dollars into commodity index products, but some claim the flood of capital has caused structural changes in commodity markets. And as spot prices fall, it could lead to an exodus of cash from these investments…
FpML messaging to be allowed on Swift
The International Swaps and Derivatives Association is to collaborate with the Swift interbank network to allow messaging in the FpML derivatives markup language.
Hedge funds can now list on Singapore Exchange
The Singapore Exchange (SGX) started accepting the listing of hedge funds on its markets from June 29. The listing rules will be less onerous than for traditional funds, as they are only to be offered to “highly specialised investment pools” comprising…
Commerzbank names head of structured credit trading
Mehmet Artun has joined Commerzbank as head of structured credit trading.
BNP Paribas lures Flannery from Deutsche Bank
Matthew Flannery has jumped ship from Deutsche Bank to BNP Paribas’ equity finance trading division. As a New York-based director at BNP Paribas, he will be responsible for helping build the French dealer's equity swaps and synthetic prime brokerage…
Pension funds still shunning derivatives
The majority of corporate pension funds have yet to implement the use of derivatives in their risk management strategies, despite the recent drive towards liability-driven investments (LDI), according to a new survey of chief executives and treasurers at…
GFI rolls out pricing tool for structured products
Interdealer broker GFI in New York has released a new version of its pricing and risk management software, incorporating a structuring and pricing tool for structured products.
Lehman Brothers to launch commodity index
Lehman Brothers will launch its Lehman Brothers Commodity Index (LBCI) on July 1 to track the performance of 20 commodities futures contracts across the energy, metals, agricultural and livestock markets.
SwapsWire to offer Japanese OTC equity trades
UK electronic confirmation service SwapsWire has added confirmation of Japanese over-the-counter equity options to its product offering.
RBS extends electronic rates swaps to Asia
Royal Bank of Scotland (RBS) has extended the trading hours of electronic trading of US dollar interest rate swaps on Bloomberg to include Asian business hours.
Calyon names Dubois as Asian derivatives head
Cedric Dubois is moving to Hong Kong as head of equity and fund derivatives for Calyon Corporate and Investment Bank.
Standard Chartered offers Asian IRS pricing on Bloomberg
Standard Chartered has become the first bank to launch interest rate swaps on the Bloomberg electronic platform in five Asian currencies - Hong Kong dollars, Singapore dollars, Indian rupees, Taiwan dollars and Korean won.
BNP Paribas expands structured credit team
Olivier Vigneron has joined BNP Paribas as global head of structured credit risk management in London. The move is part of a raft of appointments at the French bank as it seeks to expand its structured credit business in the hedge fund and institutional…
European, Chinese and Mexican central banks join BIS board
Bank for International Settlements (BIS) has expanded its director base to include elected representatives from the European Central Bank (ECB), People's Bank of China and Bank of Mexico. The move takes the number of board members to 20 and marks the…
Kratz to run Permal funds in Asia
Fund of hedge funds manager Permal Group has named Bo Kratz as its managing director for Asia.
Butte joins Man Financial as CFO
Amy Butte, the former chief financial officer (CFO) of the New York Stock Exchange, has joined futures broker Man Financial as CFO.
Notley takes time out from Morgan Stanley
Sean Notley, co-head of European fixed income at Morgan Stanley in London, has taken three months' leave of absence.
Calyon names head of credit trading
David Cohen has joined Calyon as global head of credit trading from Morgan Stanley, where he was head of European credit trading.
ABN Amro hires Murray to head European hedge fund sales
ABN Amro has hired Dean Murray in London as European head of hedge fund sales within in its derivatives solutions group. He has already left Bear Stearns, where he helped set up the equity flow sales desk.