LCH, a global clearing house, announced today that its first European buy-side client is now live on CDSClear. Amundi is now clearing credit default swaps (CDS) at CDSClear via its clearing broker BNP Paribas. The expansion into client clearing is the latest development for CDSClear, which has seen activity on its service grow significantly in…
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The Federal Reserve Board on Wednesday announced it is permanently prohibiting Jason Katz, a former foreign exchange (FX) trader at Barclays PLC and later at BNP Paribas SA, from participating in the banking industry, because of his actions to manipulate FX prices. Through the use of electronic chat rooms, Katz coordinated his trading with competitors,…
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The global clearing house LCH has announced today that it will be launching a new service for the non-cleared derivatives market. LCH SwapAgent will benefit from LCH’s expertise in serving and managing risk for the cleared rates & FX derivatives market, providing market participants with a number of solutions designed to materially improve standardisation, efficiency…
Read moreSix new exchange traded commodities (ETCs) issued by BNP Paribas Arbitrage Issuance B.V. have been tradable on Xetra and Börse Frankfurt since Monday. The six new BNP Paribas ETCs enable investors to participate in the performance of the individual industrial metals aluminium, lead, copper, nickel, zinc and tin. The corresponding reference index from the Rogers…
Read moreDeutsche Börse has announced that innogy SE (ISIN: DE000A2AADD2) was listed in the Prime Standard of the Frankfurt Stock Exchange today. The listing involved admission to trading of around 555.6 million shares in total. The total issue volume was approximately €5.0 billion, making it the largest IPO this year. Carsten Kengeter, CEO of Deutsche Börse, commented:…
Read moreFive new exchange traded commodities (ETCs) issued by BNP Paribas Arbitrage Issuance B.V. have been tradable on Xetra and Börse Frankfurt since Friday. Each of the five new BNP Paribas ETCs enable investors to participate in the performance of one of the following energy types: petrol, diesel, heating oil, natural gas and WTI crude oil.…
Read moreTHEAM, BNP Paribas (EPA:BNP) Investment Partners’ specialist in capital-protected, indexed and model-driven management, has unveiled a new strategic plan for its indexed fund activities, confirming its intention to double assets under management in indexed funds and triple those of exchange-traded funds (ETFs) by 2020. Denis Panel, CEO of THEAM, comments: Our expertise in indexed management…
Read moreBNP Paribas Investment Partners announces the appointment of James D. Dilworth to the newly-created role of Global Head of Sales, to further the development of its global business. Until recently, Dilworth worked at Deutsche Bank as Chief Executive Officer Germany for Deutsche Asset & Wealth Management Investment and Global Head of Active Asset Management. Prior…
Read moreAbu Dhabi based FX and CFD broker ADS Securities has announced the hiring of Louisa Kwok from BNP Paribas as its new Head of Prime of Prime Sales. Ms. Kwok will be based in ADS Securities' London office. The UK arm of ADS Securities has been dealing with mounting losses, and launched its Prime of Prime solution…
Read moreThe French multinational bank and financial services company BNP Paribas (EPA:BNP) has recruited Mick Wiedrick from JPMorgan (NYSE:JPM) to join the lender’s New York syndicate desk. He steps into his new role in October. BNP Paribas has secured the services of one of the industry’s veteran bankers, with Mr. Wiedrick looking to focus on the…
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