-
European regulatory authorities will be given powers to summon firms or financial services individuals to provide explanations and supporting documents setting out the purpose and the underlying risks to their credit default swap trading activities, according to a European Commission draft bill for naked short selling obtained by Derivatives Week.
-
Daniel Palmer, the ex-head of global capital markets at HSBC in London and formerly co-head of global capital markets for Asia Pacific at Morgan Stanley, has rejoined the latter firm today in a new role based in London.
-
ING Bank has launched five-year, worst-of memory coupon notes that offer a potential 46% return depending on the performance of three underlying indices.
-
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.
-
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.
-
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.
-
The lowest barrier in a rash of digital one-touch euro/U.S. dollar trades was hit Tuesday—making the strategy a big payer for the hedge funds that executed them. Talk of the trades held center stage amid the traditional thin late August fx marts last week.
-
Clariden Leu is finding floating-rate low barrier reverse convertibles to be this summer’s bestseller for its Swiss clients.
-
A coalition of industry groups, including the Association for Financial Markets in Europe and the International Swaps and Derivatives Association, has expressed concerns about a single reporting regime for both transaction and position reporting on over-the-counter derivatives based on reporting through trade repositories.
-
The Life & Longevity Markets Association will release today a framework for a longevity index, which will be the basis for a tradable index the organization intends to create.