Profit Loss

Behind the BRICs: Opportunities and Risks in Emerging Markets in 2007
Also in this issue:
Profile: SEB's Seppo Leskinen
New FX Heads for JP Margan, Standard Chartered
Transferring Sports Psychology into Trading
When (and when not) to Book Your 2007 Vacation


Profit &; Loss

NAB Closes the Book on Options Fiasco

Mon 18th Dec 2006 06:00:00

National Australia Bank (NAB) has revealed that the Australian Prudential Regulation Authority (APRA) has closed the remaining remedial actions associated with the foreign exchange options trading losses that were revealed in January 2004

Profit &; Loss

Lloyds TSB Adds to Client Solutions Team.

Mon 18th Dec 2006 06:00:00

Vishal Gupta has been appointed to the newly-formed client solutions team at Lloyds TSB corporate markets

Profit &; Loss

RZB Appoints in London

Mon 18th Dec 2006 06:00:00

Raiffeisen Zentralbank (RZB) has moved to bolster its central and eastern European sales capabilities in London

Profit &; Loss

Reuters News – For Machines

Mon 18th Dec 2006 06:00:00

Algorithmic traders are now able to rely upon more than just price data for populating their models after Reuters launched two products that allow its news output to be “read” for the purposes of automated trading

Profit &; Loss

Seven Banks Sign for SD Commodities

Mon 18th Dec 2006 06:00:00

Citigroup, Credit Swiss, Morgan Stanley, Standard Chartered, ABN Amro, ING and Mitsubishi Financial Group have licensed SD-CM

Profit &; Loss

Reuters, TMA Hong Kong Launch RMB Swap Fixing

Mon 18th Dec 2006 06:00:00

The Treasury Markets Association of Hong Kong (TMA) and Reuters say that a new renminbi swap offer rate (CNY SOR) fixing will be launched on 18 December 2006

Profit &; Loss

Nicholls up the Ladder at DB

Mon 18th Dec 2006 06:00:00

Deutsche Bank has appointed David Nicholls as head of global finance, Europe, within its Global Markets division

Profit &; Loss

Lehman Shuffles the Pack in Europe

Mon 18th Dec 2006 06:00:00

Lehman Brothers has made three further appointments to its European fixed income operation

Profit &; Loss

HSBC Transacts First Swaption on CNY Non-Deliverable IRS

Mon 18th Dec 2006 06:00:00

HSBC has transacted the first-ever offshore option on a Chinese currency non-deliverable interest rate swap

Profit &; Loss

Association Issue Information Abuse Warning

Mon 18th Dec 2006 06:00:00

A group of 12 industry associations last week issued a joint statement reaffirming their commitment, on behalf of the members and financial markets they represent, “to promote fair and competitive markets in which inappropriate use of material non-public

Profit &; Loss

Korean FX Business Hits New High in Q3

Mon 18th Dec 2006 06:00:00

Average daily FX volumes in South Korea’s interbank market hit a record high of $11.4 billion in the third quarter of 2006, up around 40% from the previous year's average, but just 1% above the previous quarter’s record, according to Bank of Korea (BOK) s

Profit &; Loss

CLS Adds OTC Derivatives from DTCC

Mon 18th Dec 2006 06:00:00

The Depository Trust & Clearing Corporation (DTCC) has selected CLS Bank International (CLS) to provide central settlement of payments for over-the-counter (OTC) derivatives contracts housed in the DTCC Deriv/Serv’s Trade Information Warehouse

Profit &; Loss

Eurex to Add Credit Derivatives

Mon 18th Dec 2006 06:00:00

Eurex will launch the world’s first exchange traded credit derivatives contract on 27 March 2007, a future based on the iTraxx Europe 5 year index series

Profit &; Loss

Another Week; Another CME Record

Mon 18th Dec 2006 06:00:00

Just one week after revealing its busiest day, CME raised the bar again on December 8, when FX trading breached a significant growth milestone with record volume of 1,268,883 futures and options on futures contracts. This reflects record notional value

Profit &; Loss

ACI Issues Holiday Trading Guidelines

Mon 18th Dec 2006 06:00:00

After consultation with the Australian Foreign Exchange Committee (AFXC) and the Australian Committee for Professionalism, ACI Australia – which is affiliated to ACI – The Financial Markets Association – has issued the following guidelines with regard to

Profit &; Loss

Committees Issue NDF Documentation

Mon 18th Dec 2006 06:00:00

The New York Foreign Exchange Committee (FXC), EMTA, and the UK Foreign Exchange Joint Standing Committee (JSC) have jointly published the Master Confirmation Agreement for Non-Deliverable Forward FX Transactions, which is accompanies by practice notes

Profit &; Loss

Compliments of the Season

Mon 18th Dec 2006 06:00:00

This is the last Squawkbox of 2006 and as such, everyone at Profit & Loss would like to extend the compliments of the season to all readers. We hope you enjoy what break you are taking over the next two weeks and wish you the best of luck for 2007. Th