Risk magazine
Linklaters hires Liew as Asian derivatives head
Linklaters in Hong Kong has hired Chin-Chong Liew away from Allen & Overy to head its Asian derivatives operation.
Chinese banks debut with renminbi securitisations
China Construction Bank (CCB) and China Development bank (CDB) have kicked off the first securitisation schemes by Chinese banks, with CCB issuing RMB3 billion ($373 million) worth of residential mortgage-backed securities (RMBS) and CDB issuing RMB4.18…
Hong Kong SFC’s Au-Yang to step down
Hong Kong’s Securities and Futures Commission (SFC) said its chief operating officer, Peter Au-Yang Cheong-yan, would be leaving next year when his contract expires.
TSE president resigns over Mizuho fiasco
Tokyo Stock Exchange president Takuo Tsurushima and two other executives have resigned in response to the Mizuho trading error 12 days ago.
Singapore and CBOT to set up commodity exchange
The Singapore Exchange and the Chicago Board of Trade (CBOT) will set up a joint commodity derivatives exchange in Singapore next year.
Fed fines ABN Amro $80 million
The US Federal Reserve has ordered ABN Amro to pay $80 million in fines for lacking adequate risk management that could identify money laundering activities in its overseas branches. According to the order released on December 19, the Amsterdam-based…
Tullett Prebon opens broking joint venture in Shanghai
Tullett Prebon has opened an interdealer broking operation in Shanghai through a joint venture with the Chinese investment company Sitico.
BNP Paribas sets up soft commodites team
BNP Paribas has hired seven ex-Refco employees to build its worldwide presence in the soft futures market, and the Paris-based bank has also become a member of the New York Board of Trade (Nybot).
RBC creates new base metals team
RBC Capital Markets has hired a new base metals team to take advantage of the demand for metal futures and options.
Deutsche Bank restructures credit trading unit
Deutsche Bank has made structural changes to the management of its global credit trading division.
LSE takeover still deadlocked
London Stock Exchange (LSE) management has again rejected Australian bank Macquarie's takeover bid, which was unchanged from the original offer earlier this month.
RBS Greenwich Capital poaches McGeehnan for its FX sales team
Royal Bank of Scotland Greenwich Capital has hired Jimmy McGeehnan to bolster its foreign exchange presence among key hedge fund and asset manager clients.
Dealers boost online emerging market forex options services
Bank of America and Citigroup are among the latest in a series of banks building up online capabilities for emerging market currency options, as the market for the products continues to expand.
Credaris makes key hires to bolster risk management
London-based credit hedge fund Credaris Portfolio Management has made a number of top-level appointments and promotions to shore up its risk management capabilities.
Australia sees 37% decline in forex OTC options, says Afma
Trading in over-the-counter foreign exchange options fell by more than a third over 12 months to the end-June this year, according to figures released by the Australian Financial Markets Association (Afma).
Financial institutions failing to adopt economic capital approach, says PwC
Many financial institutions are failing to realise the full potential of using economic capital to enhance tactical and strategic planning, and optimise shareholder value, according to a new study by PricewaterhouseCoopers (PwC) in association with the…
CME hires Wong to head Asian office
The Chicago Mercantile Exchange has hired CF Wong, previously in charge of ABN Amro's Asian futures operation, to head its Asian office in Tokyo.
GFI hires vom Scheidt from Commerzbank
Interdealer broker GFI has hired Kurt vom Scheidt as a foreign exchange product manager in its data and analytics group of in London as FX product manager. Vom Scheidt joins from Commerzbank in London, where he was global head of markets business…
BGC to launch hybrid dollar repo trading platform
Interdealer broker BGC of the United States plans to go live with a combined voice and electronic US dollar repurchase agreement (repo) trading platform early next year.
RTS in hiring drive to boost global sales
German electronic trading software vendor RTS Realtime Systems has hired John Dempsey as business development manager in an effort to expand its business worldwide and boost global sales.
Start-up Northcross Capital sees Denarius as key to growth
New London-based hedge funds Northcross Capital has launched Anvil’s Denarius software platform as its cross-product front-office trade capture, liquidity monitoring and risk management system.
eSignal Europe vice-president defects to TT
Steve Stewart, vice-president and general manager of Interactive Data's eSignal division in Europe, has left the vendor to take up a new role at Chicago-based derivatives trading software vendor Trading Technologies in London.
Idiosyncratic risk poses greatest threat to credit derivatives market
Idiosyncratic risk poses a greater threat than a systematic widening in the credit markets during the next six months, according to John Tierney, head of credit derivatives research at Deutsche Bank.
Blame spreads over Mizuho trading error
The Tokyo Stock Exchange today admitted that a fault in its own systems led to the mistaken stock trade on December 8 that has so far cost Mizuho some $225 million.