Risk magazine
Atticus backs Euronext merger plans
Atticus Capital, a US hedge fund that holds 9% of the Euronext stock exchange, has encouraged Euronext to seek a merger with either Deutsche Borse or the New York Stock Exchange.
SG expands Chinese commodities team
Societe Generale has named Stephanie Clement de Givry as its new head of commodities finance in China.
Regulators clear Australian exchange merger
The Australian Competition and Consumer Council (ACCC) has approved a merger between the country's two major exchanges, the Sydney Futures Exchange (SFE) and the Australian Stock Exchange (ASX).
StanChart adds to renminbi trading team
Standard Chartered has boosted its foreign exchange trading desk in Shanghai with the appointment of Gordon Jiang as Chinese renminbi forward trader.
Barx forex options trading extended to Asia
Barclays Capital has extended the remit of its Barx electronic trading platform to include the remote trading of vanilla foreign exchange options in Asia. The upgrade will offer traders live two-way streaming of tradable prices across 17 currency pairs…
Euronext board favours NYSE offer at AGM
Euronext’s board looks set to use today’s annual general meeting in Amsterdam to build investor support for an €8 billion takeover bid from the owners of the New York Stock Exchange (NYSE). But shareholders still remain divided about the future of the…
Reuters strengthens risk management team in Asia
Reuters has boosted its risk management staffing in the Far East with the appointment of John Palmiero as Hong Kong-based head of trade and risk management for Asia. It also released its latest version of Kondor+, a real-time risk and position-keeping…
ANZ makes four markets appointments
ANZ Investment Bank has announced a series of new additions to its markets team in Europe and New York. The appointments follow the hiring of Bill Wulkan as head of markets, Europe and America, in May last year.
New forex sales chief for Citi
Citigroup has made Anu Jayanti global head of foreign exchange sales in New York. The move marks a promotion for Jayanti, who was previously global head of leveraged sales and regional head of forex for North America at the bank.
Greenspan lashes out at credit derivatives industry
Alan Greenspan, former chairman of the US Federal Reserve Board, has found it “appalling” that banks were trading credit default swaps (CDS) and documenting them on scraps of paper. Speaking at the Bond Market Association’s (BMA) 30th anniversary dinner…
Growth of OTC contracts slows to 5%, say BIS
Rising commodity prices and a worldwide rally in equity prices during the second half of last year have dramatically increased the demand for over-the-counter derivatives protection in the sectors, according to the latest statistics released by the Bank…
Wellink named as new chairman of Basel committee
Netherlands Bank president Nout Wellink will succeed Jaime Caruana as chairman of the Basel Committee on Banking Supervision.
Fitch positive on Asia-Pacific CDO issuances
Fitch Ratings expects issuances of collateralised debt obligations (CDOs) to increase this year in Asia-Pacific, including China, the rating agency said in its latest CDO quarterly report released in May.
Lloyds TSB appoints new global solutions head
Chris Mitchell has been appointed head of global financial institutions solutions at Lloyds TSB Financial Markets in London. He comes from AIG, where he was head of UK derivatives marketing, and has previously worked as head of UK derivatives marketing…
China Bohai Bank implements new risk management system
Tianjin-based China Bohai Bank, set up in February, implemented a new risk management system aimed at facilitating a higher degree of automation in its treasury operations.
Ritter to head credit operations at Deutsche Bank
Deutsche Bank has appointed Mark Ritter as chief operating officer of its global credit trading arm. The move, effective immediately, comes one year after his high-profile move from UBS, when he joined Deutsche as global head of commodities.
BarCap strengthens FX in Singapore and Tokyo
Barclays Capital has added more senior personnel to its foreign exchange teams in Singapore and Tokyo.
Deutsche Bank launches online FX trading service
Deutsche Bank in London has launched dbFX, an online spot foreign exchange trading service for individual clients that includes an option for leveraging their positions.
European securitisation up 40% this year
European securitisation was up 40% in the first quarter of 2006, with mortgage-backed securities the largest sector of the market.
RBS axes up to 60 jobs in rates and forex
The Royal Bank of Scotland (RBS) yesterday eliminated up to 60 positions in its global banking and markets business. Most of the redundancies were made in the rates business, although some came in foreign exchange. Trading, research, sales and ecommerce…
Dealers dispute benefts of trading algorithms
Algorithms are important but not indispensable in execution trading, said participants at a panel discussion during the fourth Asia-Pacific Electronic Trading Summit 2006, held in Hong Kong yesterday.
DTCC and Jasdec to handle US stocks on Japanese exchange
The Depository Trust and Clearing Corporation (DTCC) has signed a deal with the Japan Securities Depository Centre (Jasdec) to streamline trading in US securities on Japanese stock exchanges.
Markit acquires derivatives trading technology provider
Markit Group, the UK-based pricing, valuation and data provider, has acquired Communicator, a technology provider of automated solutions for the processing of over-the-counter derivatives, secure real-time communications, and compliance and counterparty…
Nymex moves into Singapore
The New York Mercantile Exchange (Nymex) will open an office in Singapore on May 17 in response to demand for its products from investors in the region.