Risk magazine
DrKW creates Nordic derivatives marketing team
Dresdner Kleinwort Wasserstein (DrKW) has made three appointments to form a new Nordic financial institutions derivatives marketing team in London. The team will market the bank’s full range of derivatives products across asset classes to clients in the…
Société Générale subscribes to Fitch Risk’s Opvantage
French bank Société Générale has entered into a subscription agreement with Fitch Risk to access its financial institutions risk scenario trend (First) database.
Commerzbank's New York forex options head quits
Steve Rendon has left his position as head of foreign exchange options at Commerzbank in New York.
CDS options emerge in Asia
Credit default swap (CDS) options on Asian names have emerged on broker screens, with two CDS option trades referenced to Hong Kong conglomerate Hutchison Whampoa trading through brokerage firm Icap in early June.
Merrill Lynch receives forex licence in South Korea
Merrill Lynch received a foreign exchange licence from the South Korean financial services regulatory body, the Financial Supervisory Commission (FSC), today. The licence allows the US securities dealer to expand its Korean business to the onshore forex…
First emissions trade concluded with Isda master support
Dresdner Kleinwort Wasserstein (DrKW) and Fortis Bank executed the first trade of European emission allowances using an International Swaps and Derivatives Association master agreement last week. London-based environmental and energy broker Evolution…
Merrill Lynch tipped to bid for EKT
Rumours are circulating that Merrill Lynch may snap up Entergy-Koch Trading (EKT) following last week's news that New Orleans-based Entergy Corporation and Wichita's Koch Industries are considering selling their Houston-based energy trading business.
DrKW appoints quant trading team
Dresdner Kleinwort Wasserstein (DrKW) has created a new quantitative trading team in London. It started trading this month and focuses on statistical arbitrage strategies.
US regulators extend structured product proposal response period
The five leading US federal agencies have agreed a 30-day extension to the comment period on their proposals for sound practices covering complex structured finance activities.
European Securitisation Forum proposes amendments to Italian law
Trade body the European Securitisation Forum (ESF) has called for a review of Italian securitisation laws to enhance growth and competitiveness.
SGX appoints new head of risk management and regulation
The Singapore Exchange (SGX) has named Yeo Lian Sim as its new head of risk management and regulation.
SG strengthens equity derivatives sales
SG, the investment banking arm of Société Générale, has appointed Fredrik Langley and Raman Khosla to its equity derivatives structured products sales team in London. Both take the title executive director, a new position within the group.
WRMA elects new president
The Weather Risk Management Association (WRMA) today said that its vice-president, Brian O'Hearne, has stepped up to serve as the association's president. O'Hearne is also president and chief executive of Kansas City-based GuaranteedWeather.
Banc of America Securities expands in credit derivatives
Charlotte-based Banc of America Securities has hired Peter Nguyen from Credit Suisse First Boston (CSFB) as head of credit derivatives specialist sales. He will lead the credit derivatives sales effort to hedge funds, banks and other frequent credit…
National Australia Bank makes two appointments in Asia
National Australia Bank (NAB) has made two senior appointments in Asia. Matthew Blackwell arrives as head of structured products for Asia, and Shinya Fukumoto joins as director and head of capital markets, Japan.
Poste Italiane to sue JP Morgan Chase
Two months after Risk broke the story of Poste Italiane’s derivatives losses as a result of exotic transactions with JP Morgan Chase and other banks, the large Italian state-owned post and financial services company is suing the US bank for €40 million.
RBS expands global derivatives team
The Royal Bank of Scotland has made several new appointments within its derivatives trading and marketing business.
Snow hails CME's China deal
The Chicago Mercantile Exchange (CME) has forged a ground- breaking deal with a central bank-sponsored foreign exchange trading platform in China, in a move hailed by US government officials as a crucial step towards renminbi flexibility, reports…
Trio plans swaps platform for Europe
European inter-dealer platform vendor MTS, electronics swaps platform provider ATFox and inter-dealer broker HPC have announced that they have reached a strategic agreement to create a new electronic swaps platform for the European market, reports…
Bank SinoPac expands exotics trading
Taiwan-based Bnk SinoPac is on the look-out for traders to bolster its newly launched exotic options trading business in Taipei.
CityNet Conversation Checker adds forex options
City Networks has added vanilla currency options to its CityNet Conversation Checker, reports RiskNews’ sister publication, FX Week .
GL Trade to snap up Iris
Paris-based electronic trading technology provider GL Trade has reached agreement to buy Dutch company Iris Group, a firm specialising in options pricing tools.
Credit derivatives processing is now faster, says Isda
Financial institutions significantly improved their credit derivatives processing in 2003, according to the International Swaps and Derivatives Association's (Isda's) '2004 Operations Benchmarking Survey'.
Calypso expands trading software services
San Francisco-based software provider Calypso Technology has enhanced its credit derivatives trading services to manage increased trading volumes and additional instruments.