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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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Bank of America Merrill Lynch has begun marketing six-year so-called variable coupon notes.
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The planned retirement of Financial Accounting Standards Board Chairman Robert Herz has thrown proposed changes to derivatives accounting into question, as the exposure draft only passed the board by a 3-2 vote, with Herz in favor.
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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.
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New York Portfolio Clearing has appointed Laura Klimpel as chief compliance officer and counsel.
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Morgan Stanley has issued USD100 million in a 20-year range-accrual step-up note referencing the S&P500.
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Citigroup has named Todd Elmer head of G10 fx strategy for the Asia Pacific region.
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BNY Mellon Clearing in New York is looking into clearing memberships with major clearinghouses to give clients access to over-the-counter interest rate swap and credit default swap clearing, Sanjay Kannambadi, ceo, told Derivatives Week.
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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.
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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.