Month: May 2008

Hardy and Simpkin Quit MF Global

David Hardy, the former head of LCH.Clearnet, has left futures and options broker MF Global just over a year after joining as head of strategic market development. London-based Hardy joined Man Financial in February last year before it was spun off from hedge fund Man Group to create MF Global. Also leaving the company is […]

Calyon Appoints Kan

Calyon has appointed Arnold Kan as deputy head of fixed income markets for Asia ex-Japan. Based in Hong Kong, he will report to Frédéric Lainé, head of fixed income markets for Asia ex-Japan. Kan will also be responsible for overseeing fixed income markets sales activities, adding both new geographies and customer segments in the region, […]

Threadneedle Nabs MF Global Derivatives Head

Asset Manager Threadneedle has raided MF Global as it seeks to establish a new commodities team at the firm. David Donora joined last week as executive director to set up the new team. He will be responsible for setting up and growing a commodities business and will report to William Frewen, Threadneedle’s head of fixed […]

Thomson Reuters Unveils Results

Following the completion of their merger, Thomson Reuters last week reported positive Q1 results. As The Thomson Corp.’s acquisition of Reuters Group was completed on April 17, first-quarter results reflect the performance of the two legacy companies reported under Canadian GAAP in US$. Thomson had first-quarter revenues of $1.8 billion, an increase of 10% over […]

Wall Street Systems Buys Aleri

Wall Street Systems has signed an agreement to acquire the assets of Aleri Global Banking (AGB), the wholesale banking division of Aleri, which has decided to exclusively focus on complex event processing. AGB provides cross-asset transaction management systems and includes products such as Atlas, Global Banking Solutions, Continuous Link Settlement Server and Money Transfer. Product […]

MFA Broadens Consultation Base

The Managed Funds Association (MFA) has announced a new class of membership that seeks to involve service providers in its work to strengthen and grow the alternative investments industry. The new MFA Strategic Partners membership class has been launched with inaugural members that include CME Group; Citco Fund Services (USA); Credit Suisse; The Depository Trust […]

Markit Hires Longden

Data and valuations provider Markit has appointed Charles Longden as managing director in fixed income and credit. He will focus on expanding the firm’s fixed income and credit businesses, and also develop new products and services designed to bring greater transparency and liquidity to the carbon markets. Longden joins from ABN Amro where he worked […]

Bullman Moves to BNY Mellon

John Bullman has joined The Bank of New York Mellon on its Global Markets division’s foreign exchange trading desk in London, the bank confirms. Bullman previously worked on the spot FX desk at Standard Chartered Bank in London.

This Week’s Releases

Eurobase has enhanced the foreign exchange limit order processing capabilities of its Siena e-Trading Solution, which now features processing support for non deliverable forwards, FX spot, outright and swaps. SunGard has broadened its relationship with UK-based supermarket chain Tesco, which has extended its use of AvantGard by having SunGard host the treasury management solution and integrated […]

…And Finally

An old friend of traders has reared its head in the market again – the "Sydney Monday morning move". All traders know that strange things can happen on Monday mornings in Sydney before the market gathers real depth as first Tokyo, then Hong Kong and Singapore get in. After all, most order management systems offer […]