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Icap confirms EBS approach; FX platform expects more than one bidder
Interdealer broker Icap has confirmed it is in “preliminary discussions” to acquire electronic forex heavyweight EBS, ending mounting speculation that the electronic forex dealing platform had been looking for a buyer since July 2004, when it appointed…
The power of association
An increasing number of industry professionals are hankering after a trade body for structured products, but some think that such a move would simply result in more red tape. Meanwhile, Germany and Finland have set the wheels in motion with their own…
Nybot lists financials on CBOT
The New York Board of Trade (Nybot) has entered into a non-binding agreement with the Chicago Board of Trade (CBOT), allowing its financial products to be traded on CBOT’s electronic platform.
Tokyo Stock Exchange hires technology head
The Tokyo Stock Exchange (TSE) has hired Yoshinori Suzuki as its chief information officer - a newly created position.
Raising the standard
The German insurance industry is actively pushing forward the discussion on the standard model within the scope of Solvency II
Pillars of wisdom
European insurance regulation is shifting from Pillar I rulebook to Pillar II dialogue. But the dialogue may be evolving into a poker game. Aaron Woolner reports
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,…
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.
Machiavelli and MiFID
CIOs face a new world of regulation and their saving grace is preparation.
BarCap extends Barx to variance swaps
Barclays Capital has extended Barx, its electronic single-dealer trading platform, to cover variance swaps. The service will enable Barclays’ customers to trade variance swaps on a variety of equity indexes through their Bloomberg terminals.
TSE unveils plans for new platform
The Tokyo Stock Exchange (TSE) has unveiled plans to develop a next-generation computer system in the next two or three years. The move comes less than a month after the exchange’s trading system rejected trade cancellation requests by a Mizuho…
Nikko hit by latest Japanese trading error
A new trading error on the Tokyo Stock Exchange looks set to cost broker Nikko Citigroup an estimated JPY1 billion ($8.6 million). The development follows a more serious trading error at Mizuho on December 8.
PBOC gives OTC foreign exchange trading go-ahead
The People's Bank of China (PBOC) has opened up the country's spot FX market to over-the-counter trades, and authorised the China Foreign Exchange Trading System (CFETS) to determine the daily central parity rate for the RMB against foreign currencies.
Bumper 2005 for exchange-traded derivatives
Exchange-traded derivatives had another bumper year in 2005, with a record volume of transactions being logged on both sides of the Atlantic.
Eurex board confirms it is seeking US partner
Swiss-German derivatives exchange Eurex has confirmed it is in talks with a number of rival US-based exchanges about forming a partnership to expand its ailing US business.
Emerging asset classes
Structured Products
A case for convergence?
Bank capital
Package deals
Banks have been choosing off-the-shelf fully integrated systems for energy trading and risk management. But some feel the available software still falls short
Survey - Positive feedback
Energy Risk's second annual emissions survey charts the development of emissions trading in Europe since the start of the European Union Emissions Trading Scheme a year ago
Fed up with hedge funds
Milton Ezrati wonders how the Fed can combat hedge funds' unregulated use of derivatives
HKMA releases supervisory manual
REGULATORY UPDATE