Month: April 2007

Northup Appointed COO at RJ O’Brien

US independent brokerage R.J. O’Brien and Associates has promoted Karen Northup to the role of chief operating officer. Northup has been RJO’s senior vice president of operations since 2004. Northup took on responsibility for RJO’s Chicago trading operations in 2006, and she also runs operations for its Alternative Asset Management division. Gerald F. Corcoran, CEO […]

BofA Hires Two for Commodities

Bank of America has hired two commodities specialists from Koch Supply & Trading. Jean-Luc Dubois has been appointed head of European commodities. Based in London, he is charged with growing BofA’s commodities business in Europe and reports to Jeffrey Pagano, head of EMEA global liquid products, and Stephen Griffin, head of commodities sales, who is […]

Pakistan Central Bank Raises FX Dealing Limits

The State Bank of Pakistan has increased the new aggregate foreign exchange exposure limit of banks from 10% to 15% of their paid-up capital, with a maximum cap of PKR 1,500 million ($25 million). In a circular issued last week (March 26), Pakistan’s central bank notes the move is to “further enhance the capacity of […]

China CB Releases International Financial Report

The People’s Bank of China released its International Financial Market Report 2006 recently. The 87 page report flags the central bank’s views of the global financial markets and China’s integration with it. The report notes that “the year 2006 witnessed the greater presence and influence of foreign capital at China’s foreign exchange markets”. In the […]

New CEO for OpenLink

Cross asset trading and risk solutions vendor OpenLink has appointed Thomas Gros as its new CEO. Gros joins OpenLink from Reuters, where he was EVP and global head of various divisions, including Institutional Equities, Commodities and Energy and New Markets. Prior to Reuters Gros worked at British Petroleum, Chemical Bank (now JPMorgan Chase) and Enron. […]

Man Takes SDS for Client Trading Platform

Man Financial, one of the largest futures brokers in the world, has licensed the Alternative Trading System (ATS) from SDS Financial Technologies. Man will use SDS ATS to provide an electronic fixed income trading marketplace to its US clients. Called the Man E-Finance Fixed-Income Marketplace, Man Financial will initially use the SDS ATS solution to […]