News
Murex to supply clients with Reech Capital derivatives models
Financial software provider Murex is licensing some of competitor Reech Capital’s products to give its clients access to models to more accurately price and hedge exotic FX options.
DrKW reorganises credit derivatives business
Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Germany's Dresdner Bank, restructured its London credit derivatives business today.
ING bolsters hedge funds sales in Asia
ING Financial Markets, the equities and fixed-income sales, trading and research division of ING Group, has hired Donald Klip as vice-president of hedge funds sales, Asia.
Boston-based AIR releases terrorism risk model
AIR Worldwide, a Boston-based catastrophe and weather risk modelling company, today released what it claims is the first commercially available terrorism risk model. The model estimates the financial impact of insured property and workers' compensation…
Hong Kong Exchange moves to increase derivatives transparency
The Hong Kong Exchange has agreed to let information vendors such as Reuters and Moneyline Telerate list its derivatives prices for the first time, in a move designed to improve market transparency.
September 11 accelerated energy sector woes, says S&P
Last year’s September 11 terrorists attacks that resulted in the destruction of New York's World Trade Center may have accelerated the onset of the US energy sector’s problems, according to a new report by Standard & Poor’s.
UBS Warburg poaches Merrill Lynch veteran in Asia
UBS Warburg has snared Christopher Lee, a seven-year veteran of Merrill Lynch, to head it intermediary desk for equity risk management products.
Corruption on the ropes
Is the use of those age-old lubricants, bribery and corruption, for so long a normal part of doing business in the third world, now on the wane? Frank Gray reports
The price of good information
The accounting scandals across the US – particularly at Enron – have led to demands for more independent market data in the energy sector. Who’s providing it, and is it meeting the industry’s needs? Kevin Foster reports
Experts expect to finalise Basel II securitisation issues this week
LONDON – Technical experts expect this week to finalise their proposals for handling the one major issue still outstanding in the complex Basel II accord aimed at making the world’s banking system safer – the technically thorny question of how to treat…
Basel II securitisation issues conclusion expected this week
Experts expect this week to finalise their proposals for handling the one major issue still outstanding in the complex Basel II Accord aimed at making the world’s banking system safer – the technically thorny question of how to treat the credit risks for…
FXall hires marketers from former rival Atriax
Two former employees of defunct multi-bank FX tradingportal Atriax were last week hired by rival portal FXall. Keith Hill joins FXall in London as head of Europe, Middle East and Africa sales, while Michelle Bachmann-Love was made head of North America…
Citi snares Achnitz from Goldman to head German FX
Citigroup has made two hires to its foreign exchange business in Frankfurt, in a move that global forex head Richard Moore said underlines its commitment to the German market.
Deutsche appoints new Japan head of credit
Deutsche Bank has appointed David Schrenzel as head of integrated credit trading in Japan, replacing Jeffrey Zavattero who resigned from the bank last month.
Greenspan defends Fed’s role in tech bubble
The US Federal Reserve’s chairman, Alan Greenspan, claimed that it is far from obvious that a bubble, even if identified early, can be pre-empted by a central bank without inducing a substantial contraction in the economy, but conceded that better models…