Month: September 2006

Deutsche Unveils Latest Currency Product

Deutsche Bank and Powershares launched PowerShares DB G10 Currency Harvest Fund (DBV) on the American Stock Exchange last week. The exchange-traded fund offers investors access to the Deutsche Bank G10 Currency Future Harvest Index, which is designed to capitalise on the trend that currencies associated with high interest rates, on average, tend to rise in […]

Custom House Hires Four

Non-bank foreign exchange provider Custom House has chosen Edinburgh as its gateway to the FX market in Scotland with initially four staff managed by Callum Campbell, business development manager, Custom House for Scotland and Ian Wheeler, sales and marketing director, Custom House for the UK. “We have helped a number of Scottish companies with their […]

CBOT to Trade Credit Derivatives

The Chicago Board of Trade plans to offer contracts based on credit derivatives next year, officials say. The exchange will launch a dollar-denominated, index-linked futures contract and is negotiating with banks and brokerages on using established indexes while also exploring the creation of its own benchmark, according to a report in the Chicago Tribune. Credit […]

Peace Succeeds Holland at Reuters

Reuters has appointed the CEO of one of its subsidiaries to be the new global head of its Research and Asset Management division. Michael Peace will succeed Julie Holland to the top role in the division and will report directly to Reuters chief operating officer, Devin Wenig. Peace is a former graduate trainee at Reuters […]

UBS Goes Exotic with Thunderhead

UBS has implemented Thunderhead’s document generation platform to automate the creation of its treasury exotics trade confirmations. Thunderhead says its technology has enabled UBS to control the development and maintenance of trade confirmations for a variety of products requiring either straight-through processing or non-STP business processes. Confirmations that require manual intervention are routed through required […]

Credit Derivatives Volumes Now at $26 Trillion: ISDA

Credit derivative volumes rose 52% in the first-half of 2006 to a record $26 trillion according to a survey by the International Swaps and Derivatives Association (ISDA). The trade association announced the results of its mid-year 2006 market survey of privately negotiated derivatives at its 2006 regional member conference in London last Tuesday (September 19). […]

…Will Hit $33 trillion by 2008: BBA

The credit derivatives market will rise to $33 trillion by the end of 2008, according to a new report released by the British Bankers’ Association (BBA) last Thursday (September 21). The report, based on a survey of market leaders in credit derivatives, predicts London will remain a dominant centre for credit derivatives products with annual […]

Two Zeros as T-Zero Hits 100

T-Zero, the credit derivative affirmation and connectivity provider, said last week that more than 100 buy side firms have signed on to use its services, reflecting an accelerated pace of adoption. Launched just over a year ago, T-Zero was expected to hit the 100 client goal by year end, but strong interest by the buy […]

Fireapps Unveils FX Exposure Measuring Service

Fireapps, a provider of foreign exchange exposure technologies, has launched a Web-hosted service designed to help international companies reduce their risk of foreign exchange exposure. The software is aimed at helping companies that are at risk of losing millions of dollars each year due to mismanaged foreign exchange and currency fluctuations. With the introduction of […]

SunGard Appoints MD of Alternative Investments

SunGard has appointed Gareth Quinn as London-based managing director of alternative investments in its Enterprise Solutions group. Prior to joining SunGard, Quinn was CEO of Trade Stream Global and before that held various roles at Deutsche Bank, Lehman Brothers and Morgan Stanley. He has over 15 years experience in international institutional financial services, with assignments […]