Risk magazine
Griffith named as new DGCX chairman
The Dubai Gold and Commodities Exchange has named Colin Griffith as its new chairman, replacing David Rutledge.
PPF should not ignore CDSs, Isda says
The UK Pension Protection Fund (PPF) should recognise credit default swaps (CDSs) when assessing the risk attached to pension funds' investments, the International Swaps and Derivatives Association argued today.
Deutsche cuts out $1 trillion in risk drive
Deutsche Bank cut out $1 trillion of what it described as 'predatory trades' last year, as it repositioned its forex business to make it more profitable.
Italian stock exchange moves towards IPO
The Borsa Italiana, the Milan-based stock exchange, is preparing for flotation, in a move that could speed up consolidation among European exchanges.
TSE works overtime to expand trade capacity by Monday
The Tokyo Stock Exchange (TSE) will increase the trading capacity of its equity, convertible bonds and exchangeable bonds markets by half a million executed trades a day from Monday if tests to upgrade the system over the weekend are successful,…
Market blames government for UK gilt plunge
A dramatic fall in the yield of UK index-linked gilts yesterday has highlighted the risk of a gilt bubble and prompted criticism of the Treasury.
Deutsche Bank launches exchange-traded commodity index fund
Deutsche Bank has launched a commodity index tracking fund in New York, the first commodity index-linked fund to be listed on a US exchange.
TSE shortens trading hours following shutdown
The Tokyo Stock Exchange (TSE) will shorten its afternoon trading by half an hour starting tomorrow, after it was forced to close some of its markets 20 minutes early today as the volume of transactions hit capacity levels.
Calyon names head of hybrid structuring
Calyon has appointed Steve Sahara as global head of hybrid capital structuring, based in London.
Markit and CDS IndexCo launch synthetic ABS index
CDS IndexCo and Markit Group have teamed up to launch ABX.HE, a synthetic asset-backed securities (ABS) index of US home equity ABSs. The index will formally debut January 18.
SG expands Scandinavian team
Société Générale has recruited two equity derivatives salesmen for its Scandinavian team, based in London.
Tullett Prebon creates new volatility division
London-based broker Tullett Prebon has completed its reorganisation with the creation of a new division covering several classes of futures and options.
BGC poaches four-strong Icap derivatives team
BGC Partners has hired a four-strong Scandinavian foreign exchange forwards and derivatives team from interdealer broker rival Icap in Copenhagen.
China plans Shanghai derivatives exchange
The Chinese government has approved a project by five Chinese stock exchanges to set up the country's first financial derivatives exchange in Shanghai.
Tradition hires Decillion credit team
Interdealer broker Tradition has hired a team of six credit brokers from Decillion, a South African financial services company.
DTCC hires Stenning as business development vice-president
The Depository Trust & Clearing Corporation (DTCC), a US information and clearance specialist, has hired Bill Stenning from SunGard as vice-president for business development.
FX and commodities head quits Calyon
Andrew Kellner, global head of foreign exchange and commodities at Calyon in London, has left the bank.
Mizuho signs up with Kamakura for default and correlations data
Mizuho Financial Group has signed up to Kamakura’s risk information services, the Honolulu-based software company has confirmed, as the Japanese financial behemoth seeks to strengthen its lending activities following years of write-offs.
New management at Ivy
Ivy Asset Management, a $14 billion US-based fund of hedge funds, has named two new co-presidents and a new chief investment officer.
ABX index to launch next week
The ABX asset-backed security index will launch next week as an easier way for investors to take positions in default risk on US residential mortgages, according to its developers, Markit and CDS IndexCo.
Credit derivatives operations get 33% rise in investment, says survey
Dealers devoted greater resources to their operations procedures in 2005, a year when both the UK Financial Services Authority and the New York Federal Reserve applied regulatory pressure on credit derivatives practitioners because of the rapid rise in…
Coyne joins Citibank to head FX prime brokerage
Deutsche Bank’s former global head of forex prime brokerage Andrew Coyne has joined Citigroup to run its global foreign exchange prime brokerage operation in London.
BNP Paribas expands European forex teams
BNP Paribas has made a trio of hires in forex sales and trading across Europe.
Protego makes European property derivatives push
London-based Protego Real Estate Investors has hired Peter de Haas to head its new operations in Continental Europe.