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I’ve recently had my anorak on and I’ve been looking at the euro repo market. And it strikes me as a bit of a coincidence that none of Lehman Brothers, Bear Stearns, Northern Rock and HBOS was a member of Eurex Repo.

I’ve long believed that potential employers are put off by my CV. To cut a long story short, quite a few of the companies I’ve worked for no longer exist. The list includes Midland Bank, First Interstate Bank of California (I was only there nine days, so it hardly counts anyway), Nomura Bank (a technical detail), TheStreet.co.uk and BridgeNews. It seems that I’m a bit of a Jonah, so I am obviously grateful to my esteemed editor at Euromoney for giving me the opportunity to feed the black hole, otherwise known as my bank account.

GL Trade, the multi-asset trading solutions vendor, has announced that its main shareholders have accepted rival SunGard’s offer to acquire it for €41.70 per share. The shareholders, Euronext Paris, Gagnières and Pierre Gatignol, Louis-Christophe Laurent and Frédéric Morin control 64.52% of the company’s share capital. SunGard will now launch an all-cash tender offer for the remainder of GL Trade’s share capital.

The ever-affable Lars Hakanson has moved across from his role as global head of FX at Société Générale and will join the group’s private banking business. Not too many details are available at the moment but, effective immediately, Chico Khan-Gandapur, the bank’s head of flow business, will oversee all sales activities. Serge Topolanski, deputy head of flow business, will take over all FX trading responsibilities.

Options specialist SuperDerivatives has hired the well-regarded Ravit Mandel to lead its product management function. Mandel, who will be based in New York, was formerly global head of rates at Citi, where she was responsible for the option and swap desks, exotics trading and the structuring desk, mortgage backed securities, CMO trading, and government and agency bonds trading.

Barclays Capital has launched its Adaptive FX Trend Index. The bank says that trend strategies are one of the central sources of return in FX markets, but that there are very few liquid, transparent and easily investible indices available to invest in. The portfolio invests in G10 currencies and rebalances daily.

Chief executive officer, Asia Pacific.

A proposal to ease the launch of exchange-traded funds that is before the Securities and Exchange Commission will help to propel growth in the industry

......drink heavily and re-cycle

Read Euromoney's full analysis and background of the practice and what it means for today's markets.

Fixed-income has been the driver in the exchange-traded fund marketplace for the month of August. According to State Street Global Advisors’ most recent U.S. ETF Snapshot, fixed-income ETFs were up 4% in August, bringing total assets in the category to $48.59 billion. "Our advisors and institutional clients have been looking for the low-correlated exposure of [fixed-income]…we’ve seen a lot of new flows into the category and there have been a lot of fixed-income launches [this year]," said Anthony Rochte, senior managing director at SSGA. Rochte added that many investors have been using Treasury Inflation Protected Securities ETFs as inflation plays amid growing inflation concern in the U.S. and internationally.

"Why did I tell you that? Please, please forget that I mentioned it," a chief wailed.