Month: January 2006

RBC Creates New Base Metals Team

RBC Capital Markets has hired a new base metals team within the Global Treasury Services division in London. Alex Heath will head up the team. Using its 60 years combined experience in LME trading and broking in both futures and options, the team members will design hedging strategies for commercial clients wishing to absorb price […]

Linklaters Bolsters HK Derivatives Coverage

Chin-Chong Liew has joined Linklaters’ Hong Kong office as head of derivatives and structured products for Asia (excluding Japan). Previously, Chong was with Allen & Overy, where he was a partner of the firm. Liew brings experience in OTC derivatives, structured equity, structured credit, market access and fund-linked products across Asia with him. Fluent in […]

CBOT and SGX Cooperate in Launch of New Exchange

The Chicago Board of Trade (CBOT) and the Singapore Exchange (SGX) have agreed to form a 50/50 joint venture company called the Joint Asian Derivatives Pte. The purpose of the joint venture is to establish a commodity derivatives market known as the Joint Asian Derivatives Exchange (Jade). Jade is expected to start operations by the […]

ICMA and ESF Create Financial Markets Federation

The International Capital Market Association (ICMA) and the European Securities Forum (ESF) have established the Financial Markets Federation to shape the future structure and form of closer cooperation between financial markets trade associations. ICMA and ESF share the view that intensified cooperation and coordination between trade associations is needed to deal with the challenges financial […]

China Unveils First Group of CNY Market Makers

China has unveiled 13 domestic and foreign banks as approved market makers in the Chinese yuan (CNY). ABN Amro, Bank of Montreal, Citigroup, HSBC and Standard Chartered Bank are the offshore institutions. Bank of China, China Construction Bank, Industrial & Commercial Bank of China, Agriculture Bank of China, Bank of Communications, China Merchants Bank, CITIC […]

Citigroup and Algorithmics Partner

Citigroup and risk management technology vendor Algorithmics have formed an alliance to deliver a global suite of credit risk models. The models have been used by Citigroup’s various business lines since 1990 and provide credit risk and default analytics for both listed and unlisted companies and coverage across corporate and geographic markets. Subscribers to the Algorithmics […]