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Foley to launch Gelber foreign exchange desk

Bank One's former forex options chief Justin Foley is joining Gelber Trading, a division of Chicago-based trading firm Gelber Group, to set up a new foreign exchange desk in September, according to RiskNews’ sister publication, FX Week .

Chinese banks automate to trade derivatives

Guangdong Development Bank (GDB), First Sino Bank (FSB) and the Bank of Shanghai (BOS) are installing systems by Reuters to comply with derivatives regulations introduced by the China Banking Regulatory Commission (CBRC) in March, said officials.

First Irish covered mortgage bonds set to debut

Bank of Ireland's mortgage banking unit is readying the country’s first issuance of covered bonds backed by a pool of residential mortgages. The €2 billion issue, which will be triple-A rated, is set to be priced within the next month. Barclays Capital,…

Anti-competitive probe focuses on Amex and CBOE

The American Stock Exchange (Amex) and Chicago Board Options Exchange (CBOE) are being investigated for possible anti-competitive practices, according to the National Association of Securities Dealers (NASD).

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