Risk magazine
BNP Paribas merges interest rate and forex trading businesses
BNP Paribas has combined its interest rate and foreign exchange trading capabilities as part of a reorganisation aimed at improving efficiency.
Asia-Pacific CDO issuance to rise this year, says Fitch
There is likely to be an increase in the issuance of collateralised debt obligation (CDO) issuance in the Asia-Pacific region in 2006, rating agency Fitch said in a new report.
Ferguson quits the Fed
Roger Ferguson, the vice-chairman of the Federal Reserve, resigned today after two years in the post.
ABN Amro opens commodity desk in Brazil
ABN Amro has started trading commodity futures in Brazil with the opening of its new sugar desk in Sao Paulo.
CAO finance chief sentenced in Singapore
A Singapore court has sentenced Peter Lim, former chief finance officer of China Aviation Oil (CAO), to two years in prison for his part in the firm's 2004 derivatives scandal.
Macquarie threatens LSE pullout
Macquarie Bank has confirmed it will not increase its current offer of 580p for shares in the London Stock Exchange (LSE) and has threatened to pull out of the running once that bid expires at the end of the month, according to a company statement.
Five brokers promoted at Tullett Prebon
Tullett Prebon has promoted four rates brokers and an energy broker in its London office.
Fitch expects growing Chinese CDO issuance
Fitch Ratings said it expects more issuance of collateralised debt obligations (CDOs) from China in 2006, following the launch of the country’s first officially recognised CDO in December 2005.
Euronext goes live on single feed
Pan-European exchange Euronext is shutting down LMF 2, its derivatives data feed for the Brussels, Lisbon, London and Paris markets, after completing the consolidation of all of its feeds onto one platform.
Fed praises credit derivatives progress
The New York Federal Reserve Bank has praised credit derivatives dealers for cutting delays in deal processing
Deutsche Bank recruits US liability structuring head
Deutsche Bank's debt capital markets group has recruited John Curran as head of liability structuring in North America.
Pension funds move into alternative investments
Pension funds are increasingly investing in alternative assets such as real estate in order to reduce their liabilities, according to UK-based investment consultants Watson Wyatt.
Hong Kong Exchange to expand derivatives warrant data
Hong Kong Exchanges and Clearing Limited (KKEx) is introducing a new derivatives warrants information website in mid-2006.
BIS group to work on settlement delays
A Bank of International Settlements (BIS) working group will look at settlement problems in the over-the-counter derivatives market, in an effort to deal with delays in trade processing.
Bloomberg and six banks in IR trading joint venture
Six international banks and financial information provider Bloomberg have launched a joint venture company to operate an online interest rate derivative trading platform.
DTCC developing trade warehouse for credit derivatives
The Depository Trust & Clearing Corporation (DTCC) is developing a central trade information warehouse and support infrastructure in an attempt to standardise how credit derivative trades are processed across the industry.
Isda, ICMA and TBMA form joint capital markets body
Three capital markets associations are to form a joint body that aims to streamline industry-wide co-operation between the derivatives, securities and bond markets. The Global Capital Markets Board (GCMB) will develop a common policy on market,…
Hong Kong’s SFC to strengthen enforcement
Hong Kong’s Securities and Futures Commission (SFC), the securities industry watchdog, will continue to place emphasis on enforcement and investor education in the coming year, said SFC chairman Martin Wheatley.
Spectron opens coal desk
UK energy broker Spectron Group has opened a coal trading desk in London, staffed with two ex-TFS brokers.
BarCap survey shows options e-commerce still lags behind
A Barclays Capital survey of its corporate customers has found that electronic trading of foreign exchange options is lagging behind, as the market attempts to shift trading from voice brokerage to e-commerce systems.
Regulatory changes drive demand for single-stock futures
Trading volumes on Eurex’s single-stock futures contracts have grown by a factor of five every month since their launch last October, according to figures released by the exchange today. Trading volumes rose to around 287,000 contracts in January,…
SG's Raphael Blot departs
Raphael Blot, head of equity derivatives and structured products at SG Securities in Hong Kong, has left the bank.
Gooch named as Nymex Europe CEO
Nymex Europe has named Andy Gooch as its new chief executive, replacing interim CEO Samuel Gaer.
Noble suspends two traders
Noble Group, a Singapore-listed global supply chain manager of agricultural, industrial and energy products, has suspended two traders in the company's aluminum business.