News
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…
FSA releases details of landmark market manipulation legal judgement
The UK's Financial Services Authority (FSA) has released details of a legal judgement that repudiates a novel human rights defence attempted by an ex-JP Morgan equity derivatives trader accused of market manipulation.
Euronext Amsterdam hit by more technical problems
Euronext Amsterdam, the Dutch arm of the pan-European cash and derivatives exchange, halted derivatives trading for three and a half hours today due to a network problem. A Euronext spokesman was not able to elaborate on the matter, although he said all…
Lehman Brothers hires head of Japan fixed-income sales
Lehman Brothers has hired Tetsu Serizawa as managing director and head of fixed-income sales in Japan.
EnergyClear hires senior risk officer
EnergyClear Corporation (ECC) has hired Holly Arney as senior vice-president of risk management. ECC, a Houston-based, not-for-profit, industry-owned and sponsored clearing house, aims to provide comparison, netting and settlement of over-the-counter…
Forged gold?
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Credit structures abound
New angles
RiskMetrics expands CreditGrades to include Japan
RiskMetrics Group, the New York-based software company, has expanded its CreditGrade risk measurement system in Asia to include data on Japanese firms.
EC wants Cad 3 study to look at bank lending to smaller companies
The European Commission said it launched a tender today for a study that would pay particular attention to the consequences for small and medium-sized enterprises (SMEs) of proposed new European Union (EU) banking capital rules.
Placer Dome reduces gold hedging by 20%
Canadian metals mining company Placer Dome is reducing its gold hedging by 20%, from 8.5 million ounces to 6.8 million ounces, in a bid to profit from the strength of current gold prices.
Merrill Lynch targets Asian retail investors
Investment bank Merrill Lynch has finally joined the flock of institutions battling for Hong Kong’s retail investors, with the launch of its first publicly offered capital guaranteed fund, with more issues planned in the coming months.
Lazard hires Stonehill to build capital markets business
The investment banking unit of New York-headquartered Lazard has hired Charles Stonehill as London-based global head of its capital markets businesses, a newly created position.
Japanese swap spreads range-bound in limited activity
Japanese credit default swaps remained directionless this week, with spreads moving up and down within a narrow range, in what was an overall quiet trading week, dealers said.
Deutsche hires FX quant Pillitteri
Deutsche Bank has hired Giovanni Pillitteri as a London-based quant for its foreign exchange structured trading team.
HEX prepares for weather derivatives launch
The Helsinki securities and derivatives exchange (HEX) will start trading weather derivatives from tomorrow.