Goldman Sachs
Creditex, Markit and major dealers launch European credit fixings
Creditex, Markit and seven credit derivatives dealers today launched 'tradeable credit fixings' in what the backers hailed as a "milestone" in the development of the credit derivatives market.
Goldman poaches JP Morgan equity marketing team
Goldman Sachs has hired Salvatore Di Stasi from JP Morgan Chase as a managing director and to head its European equity derivatives group.
Merrill hires three for commodities group
Diego Parilla has joined Merrill Lynch from Goldman Sachs to head a new commodity solutions group. Two of Parilla’s former colleagues at Goldman, Kamal Gajree and Achim Traut, are joining him at Merrill’s new group in London.
Goldman launches Barx rival
Goldman Sachs has followed in Barclays Capital’s footsteps by launching an electronic trading platform on Bloomberg for interest rate derivatives.
Merrill nabs Goldman’s Munari
Alvise Munari, Goldman Sachs’ former European head of equity and interest rate structuring, has left to join Merrill Lynch, where he has been appointed to a new position with responsibility for equity-linked product marketing.
Ashmore and Goldman unveil emerging market debt product
Ashmore Investment Management and Goldman Sachs have launched an emerging market debt structured product that uses a new kind of principal protection technology. Ashmore, a well-known emerging market debt manager based in London, is managing the…
DrKW appoints global head of FX derivatives
Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Dresdner Bank, has hired Tim Carrington as its new global head of foreign exchange derivatives.
Goldman Sachs Looks Ahead
As global head of technology and operations for Goldman Sachs, Randy Cowen reveals his thoughts on next year's IT budget, hiring versus outsourcing, today's uncertain future, and what keeps him awake at night.
Non-US airlines profit from low-flying dollar
The weak dollar is giving airlines outside the US some relief from the impact of high fuel costs, according to their latest financial results, reports Risk’s sister publication, FXWeek .
Goldman Sachs to lose two top forex prop traders
Goldman Sachs is to lose its two chief London-based prop traders at the end of the year.
Merrill Lynch to offer algorithmic engine to buy-side
Merrill Lynch is slated to join a growing array of major sell-side firms that will allow third-party access to their algorithmic trading engines.
Deutsche Bank hires head of European insurance origination
Deutsche Bank has hired Mark Woolley to head up the German bank's European insurance origination department, part of the company’s debt capital markets division.
DTCC expands matching and confirmation services
The Depository Trust and Clearing Corporation (DTCC) is to expand its matching and confirmation facility, dubbed Deriv/Serv, to include equity derivatives.
Merrill Lynch snaps up Entergy-Koch
Merrill Lynch is set to acquire the energy trading businesses of Entergy-Koch Trading (EKT), a venture of New Orleans-based Entergy Corporation and Wichita's Koch Industries.
GFI launches electronic credit derivatives trading platform
Inter-dealer broker GFI has completed the first stage of its rollout of CreditMatch, its electronic trading platform for credit derivatives.
Merrill makes additions to EMEA equity-linked group
Merrill Lynch has made a number of appointments to its Europe, Middle East and Africa (EMEA) equity-linked group in London. All will report directly or indirectly to Harry Lengsfield, head of EMEA global markets.
VAR: ready to explode?
The SEC plans to force US securities firms to tighten up their value-at-risk reporting. Its decision comes as VAR at the world’s leading financial services firms soared an average 25.8% last year. Who are the biggest risk-takers, and are risk managers…
Orc customers to gain access to Citi’s trading platform
Orc Software, the Stockholm-based technology vendor that supplies systems for market-making, trading and brokerage, has signed an agreement with Citigroup to allow all its existing customers to access the Citibank automated trading platform (Cats-OS)…
Barclays Capital hires five in the Americas
London-based Barclays Capital has made five appointments to its corporate risk management and derivatives group.
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.
SG strengthens equity derivatives flow products sales
SG, the investment banking unit of France's Société Générale has made a number of appointments within its equity derivatives flow products sales team.
Straits Lion joins ranks of CDO managers
Straits Lion Asset Management has joined the growing ranks of Singaporean asset managers active in the synthetic collateralised debt obligation (CDO) market, following the launch of an Asian credit-dominated investment grade CDO arranged by Goldman Sachs.
Amrolia returns to Deutsche Bank
Zar Amrolia has returned to Deutsche Bank as global head of bank sales for foreign exchange and commodities.
Barclays Capital snares dollar interest rate traders
Barclays Capital has hired three traders to work in its dollar interest rate derivatives team in New York.