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Derivative users and industry groups in Europe have voiced their opposition for the so-called systemic internalizer regime to be adapted and applied to the trading of over-the-counter derivatives.
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Mike Wilson, a managing director in institutional structured product sales for the U.K. and Ireland at Société Générale in London, has joined JP Morgan in a similar role.
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Amias Berman & Co., a fixed income advisory, origination and brokerage firm, has hired Michael Ridley, a former director in credit research at Citigroup in London, as a senior credit salesman.
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A Commodity Futures Trading Commission plan to have derivatives clearing organizations and designated contract markets come back online the same day as a major disaster may be too rigid, according to R. Trabue Bland, v.p. of regulatory affairs and assistant general counsel for the IntercontinentalExchange.
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Holger Oesterle, a flow credit salesman at UBS in Frankfurt, has left the firm and is headed to BNP Paribas in the same city, reportedly to run flow credit sales in Germany.
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Corporate end-users are hedging against a rise in the U.S. dollar/Chinese yuan using bonus forwards in an otherwise quiet Asian fx market.
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Bank of America Merrill Lynch has begun marketing six-year so-called variable coupon notes.
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Before Andrew Donohue leaves as the country’s top mutual fund regulator in November, the Securities and Exchange Commission will put out for public comment how it wants to better align the regulation of derivatives with the complex ways the mutual fund industry is using them today.
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Nomura has hired Chris Cutt to trade USD interest rate swaps in London.
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Peripheral eurozone sovereigns came under renewed pressure last week amid concerns a faltering U.S. economy will have a damaging impact on growth further afield.