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New contracts cannot yet be traded in US
The Americas derivatives community came together in New York to recognise and celebrate outstanding achievements across the industry
The derivatives market gathered in London on Thursday night to celebrate its leading players
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  • The world’s largest investment banks have cut staff by 10,000—roughly 5.6%--in the 12 months ended June 30, with Goldman Sachs reporting the steepest decline and Barclays least affected as it has maintained steady employment levels, according to Financial News analysis.
  • Berkshire Hathaway said it will terminate USD8.25 billion of its USD16 billion in credit default swaps on municipal debt, ahead of an expected rise in U.S. municipal bankruptcies.
  • ABN Amro Clearing has tapped Brian Duff to launch its new fx prime brokerage and over-the-counter fx clearing business in North America.
  • IntercontinentalExchange has teamed up with private fixed-income depository to launch Cetip |Trader, a Brazilian fixed-income trading platform.
  • Cantor Fitzgerald has appointed Jeffrey Lumby and Charles Edelman as co-head of investment banking to succeed Steven Kantor, who has been named chairman of Cantor Commercial Real Estate.
  • LCH.Clearnet has hired Oliver Corbett as cfo. Corbett most recently was finance director at Novae.