Risk magazine
IDC to buy FutureSource for $18 million
Interactive Data Corporation is buying privately held futures, options and commodities data provider FutureSource in an $18 million cash deal.
BNP Paribas expands interest rate group in New York
BNP Paribas has made seven appointments to its interest rate group in New York, headed by Zbigneiw Ryzak.
IPE relaunches UK power futures
The International Petroleum Exchange (IPE), the London-based energy futures and options exchange, will relaunch UK baseload and peakload electricity futures contracts on September 14. Meanwhile, London-based clearing house LCH Clearnet yesterday cleared…
Westpac buys new risk management software
Australian bank Westpac has licensed SunGard’s Credient, part of its Adaptiv credit risk infrastructure.
Philadelphia Stock Exchange names new product development head
Philadelphia Stock Exchange (PHLX) has named Chicago Board of Trade (CBOT) veteran Daniel Carrigan as vice-president for new product development, reports RiskNews’ sister publication, Dealing With Technology .
DrKW recruits options trader
Dresdner Kleinwort Wasserstein (DrKW) has hired Christopher Sandford to trade Asian local market foreign exchange options in Singapore, reports RiskNews’ sister publication, FX Week .
CME to convert equity index options to European-style expiration
The Chicago Mercantile Exchange has said it will convert all its equity index options to European-style expiration by the end of the year as part of an aggressive growth strategy.
CSFB gets OK for derivatives in China
The China Banking Regulatory Commission (CBRC) authorised Credit Suisse First Boston (CSFB) to launch a financial derivatives business in China last week, reports RiskNews’ sister publication, FX Week .
Dollar/yen break-out expected
Technical indicators suggest the dollar/yen exchange rate could be set to break out of the tight trading range it has been trapped in since June, says RiskNews’ sister publication, FX Week .
Royal Bank of Scotland appoints e-commerce business developer
The Royal Bank of Scotland (RBS) has transferred Clive Standish to its New York office as vice-president and e-commerce business developer, within the North America financial markets team.
Isda pushing bar codes for confirmations
The International Swaps and Derivatives Association is working on a new bar code standard to streamline the processing of trade confirmations across a variety of asset classes, according to RiskNews’ sister publication, Dealing With Technology .
Prebon transfers credit derivatives business to subsidiary
Prebon Marshall Yamane has recently transferred its credit derivatives business into a new subsidiary, Prebon Global Credit.
PNC Financial Services appoints market risk officer
Pittsburgh-based PNC Financial Services has appointed Aleem Gillani to the position of vice-president and chief market risk officer, based jointly in New York and Pittsburgh.
Deutsche makes Tokyo appointment
Deutsche Securities, a subsidiary of Deutsche Bank, has promoted Henry Ritchotte to head of global markets, Japan.
Bank of America hires in Japan
Bank of America has made two new appointments in Japan as part of an effort to boost its investment and risk management businesses in the country.
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.
Deutsche Bank makes appointments in structured and investment products team
Deutsche Bank has made two appointments to its structured and investment products team, part of the global equities department, in its New York office.
Isda readies inflation documentation
An increase in the use of inflation derivatives has prompted the International Swaps and Derivatives Association to set up a task force to develop standardised documentation for transactions. The first draft of the documentation has been completed and…
China's Tiantong Asset Management launches principal guaranteed fund
China’s Tiantong Asset Management has launched a three-year principal guaranteed fund, the third guaranteed fund to be launched in the Chinese market.
China's Tiantong Asset Management launches principal guaranteed fund
China’s Tiantong Asset Management has launched a three-year principal guaranteed fund, the third guaranteed fund to be launched in the Chinese market.
ABN Amro expands global commodity derivatives team
Dutch bank ABN Amro has made five appointments to its global commodity derivatives team in both the London and New York offices.
Cantor Fitzgerald to spin off its global voice brokerage business
Cantor Fitzgerald will spin off its global voice brokerage business as a new company, BGC Partners, effective from October 1 this year.
Citi trades prompt MTS limits
Citigroup ignited a major market movement in the European government bond markets last week, prompting electronic execution platform provider MTS to implement temporary limits on orders, an industry source familiar with the situation told RiskNews’…
BNP Paribas snares Chicago sales head
BNP Paribas has hired Matthew Schultheis as director and head of sales for its Chicago office.