News
Basel II securitisation paper delayed
The planned paper on asset securitisation in the context of the Basel II bank accord will not be published today as hoped, but is likely to be issued some time next week, global banking regulators said.
Decillion launches first South African fixed-income arbitrage fund
Decillion, a South African financial services company, today launched the first fixed-income arbitrage hedge fund in the country. The fund, called Granite Fixed Income, will pursue arbitrage strategies on corporate credit, relative value strategies on…
KWI launches new version of flagship trading product
London-based energy risk management software company, KWI, this week released KW3000 Version 7.0 – its updated flagship suite of applications for multi-commodity trading and risk management.
Eurex sees another record month of trading
Swiss-German derivatives exchange Eurex saw its busiest month ever in September, with 83.6 million contracts traded, up 22% on September last year.
Cadiz to set up South African hedge fund
South African investment banking group, Cadiz Holdings, plans to set up its first hedge fund, a long/short equity fund called Hedge Funds Solutions, on November 1.
Commerzbank appoints structurer to US derivatives group
Commerzbank Securities, the investment banking arm of Germany's Commerzbank, has made Henry Flowers a senior structurer at its US structuring desk, part of Commerzbank's derivatives group in New York.
Job moves
QUOTE OF THE MONTH: - “We don’t have a problem with regulators telling us that we should tie our shoelaces, but we don’t want them to tell us how to do it” George Mathewson, chairman of the Royal Bank of Scotland, commenting on the rigidity of the Basel…
A first for Singapore
New angles
BBVA selects Asset Control for Europe, Latin America
Spanish bank BBVA, formed by the merger of Banco Bilbao de Vizcaya and Argentaria in 2000, has selected Asset Control to provide infrastructure to centralise and monitor the control of pricing and reference data for its risk management department.
Reuters beefs-up treasury team
Technology and information provider Reuters has added to its Treasury marketing and strategy team, the firm said last week.
Singapore FX build-up for BoA
Bank of America (BofA) made four new hires in FX trading in Singapore in September. The hires are part of the bank’s ongoing move to strengthen foreign exchange, said Larry Baum, New York-based global head of spot, forward and proprietary trading.
FNX appoints new technology officer
FNX, the Pennsylvania-based risk management provider, has promoted Andrew Vickers to the role of chief technology officer. In this new position, Vickers assumes responsibility for all technical aspects of the software services developed by FNX.
Key Basel II package expected tomorrow
Global banking regulators plan to issue a package of documents on the Basel II bank accord tomorrow, including a key survey seeking information on how the complex, risk-based accord might affect banks around the world.
Integral awarded patent for Web technology
Californian software company Integral Development said it has secured a patent for its Web-based straight-through processing transaction technology. The patent applies to Integral’s Integral Direct FX, Direct Derivatives, AutoDealer and Integral…
ABN Amro hires German global financial markets head
Dutch bank ABN Amro has hired Hermann Watzinger to head its global financial markets group in Germany, covering all of the bank’s activities in fixed income, including structured finance, treasury, asset securitisation and fixed-income derivatives…
Japanese bank spreads tighten on possible state capital injection
Spreads on Japanese bank credit default swaps continued to tighten this week following speculation that the government may inject capital into the country's ailing banking system. The move would help banks combat their disposal of spiralling bad loans,…
Basis trade opportunities created by volatile credit market
The upswing in credit market volatility in the past three months has led to an increased dislocation between cash bonds and credit default swaps, with investors profiting from basis trading opportunities.
Barclays Capital adds to futures sales desk in Singapore
UK bank Barclays Capital has hired James Clarke in its futures sales desk in Singapore, according to an official at the bank in Hong Kong.