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Stephane Gaillard, head of commodities derivatives at Natixis in London, has left the firm and joined Nomura as a senior fx flow exotics trader in London.
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Cater Allen Private Bank, a subsidiary of Grupo Santander, has launched a structured product offering investors the potential to lock-in returns depending on the level of the FTSE 100.
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Alessandra Stagliano, a senior corporate credit saleswoman at Citigroup, is set to join BNP Paribas in a similar role based in London.
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UBS has hired Ranjit Sikka, a correlation trader at Deutsche Bank in London, as a managing director and global head of credit index tranche trading.
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International Swaps and Derivatives Association officials have commissioned a Vietnamese-language version of the Master Agreement to facilitate the growing market.
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The Indian Ocean island of Mauritius is looking to juice up its domestic corporations’ use of fx swaps and options to hedge exposures.
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Last Tuesday, the city of Harrisburg, Pennsylvania announced that it intended to skip an upcoming payment of USD3.29 million on its general obligation debt that would make this the second largest municipal default of the year.
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The International Swaps and Derivatives Association has published a change to the master agreement to deal with the impending 30% U.S. withholding tax on equity derivatives.
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Markit is rolling out a new MBX agency mortgage bond index that caters to investors looking for exposure to both interest-only swaps and principle-only cash flows.
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Tradeweb is planning to launch an electronic equity trading platform for European equity options—a first for that market.