Month: December 2007

SG Reshuffles CIB Management

Société Générale has made changes to the management of its Corporate and Investment Banking business for the second time this year after it announced plans for growth until 2010. Christophe Mianné, previously co-head of the Global Equities and Derivatives Solutions division, will head all of the Corporate and Investment Banking market activities. He will have […]

Balarkas Trades Credit Suisse for Instinet

Richard Balarkas is leaving Credit Suisse, where he was a managing director and head of Advanced Execution Services (AES) sales. He is taking up a senior management role at rival broker Instinet Europe. Balarkas joined Credit Suisse 10 years ago and is widely considered to be one of the pioneers of high-speed algorithmic trading. Under […]

GFI Brokers First Interbank Rouble Swaption

GFI Group has taken advantage of volatile market conditions and brokered the first interbank over-the-counter rouble interest rate option trade. The trade was a two-year option into a two-year rouble interest rate swap – known as a 2Y2Y swaption – with a premium of 268 basis points, giving an implied volatility of 18.5% at the […]

ICE Automates Remaining FX Futures Contracts

IntercontinentalExchange’s ICE Futures subsidiary has migrated an additional 31 foreign exchange pairs to its electronic trading platform from open outcry. Electronic trading for the initial 10 FX futures contracts started on 9 November and the remainder will begin electronic trading at 8:00pm EST on Thursday, 24 January for trade date 25 January. Apart from four […]

…and Closes Dublin Trading Floor

ICE also says that the progress made in migrating contracts to its electronic trading platform means that ICE Futures will end all open outcry trading for futures contracts at the end of February 2008. The futures contracts that will migrate to electronic trading include currencies, equity indexes and soft commodities: coffee, cocoa, cotton, orange juice, […]

Kuijpers Joins CME Europe

Jeffry Kuijpers has joined the CME Group Europe team as associate director of sales and marketing, Europe, Middle East and Africa. He will focus his efforts on users of CME’s suite of commodity products, including metals and energy, and will help to expand the exchange’s customer base and increase volumes and revenues from new and […]

Kalahari Installs Interest Rate Options Pricing Model at Icap

Kalahari, an analytic software provider to financial and energy trading firms, has launched an interest rate options pricing model for the Asia Pacific region. Interdealer broker Icap is the first company to go live with the new model to help it drive accurate pricing and customer retention in the Asia Pacific region, says Graham Mansfield, […]

RTS Hires Stanley for Global Sales

Electronic trading software vendor RTS Realtime Systems has appointed Tim Stanley as senior vice president of global sales. Based at the company’s US headquarters in Chicago, he reports directly to the board of directors. His responsibilities include the overall global sales business plan, growth, management and continuing education of the sales force, officials say. He […]

CME to List Rouble Futures Out to Five Years

On Sunday 20 January, 2008, for the trade date of Monday 21 January, CME Group will list 16 additional Russian rouble futures contract months for trading on CME Globex in the March, June, September and December quarterly cycle. This is so that a total of 20 contract months will always be listed for trading with […]

Clearing Corp. Restructures with New Owners

The Clearing Corp. (CCorp) is transforming into a major, centralised clearinghouse for OTC products following a corporate restructuring, which transfers ownership of the independent futures clearing house to 17 stockholders. The stockholders include 12 major global dealers, three inter-dealer brokers, Europe’s largest derivatives exchange, and an over-the-counter (OTC) service provider. “In addition to continuing to […]