http://www.derivativesweek.comhttp://new.derivativesweek.com©2010 Derivatives Week60News ClippingsContracts on the Markit iTraxx Crossover Index and the Markit iTraxx Europe index dropped this morning, according to credit default swap traders. http://www.derivativesweek.com/Article/2662472/Corporate-CDS-Fall.htmlMon, 06 Sep 2010 15:16:17 GMTKenneth Griffin, founder of Citadel LLP, says regulatory reform of over-the-counter derivatives will allow more banks to enter the swap market, meaning that dealers will face lower swap trading profits. http://www.derivativesweek.com/Article/2662470/Citadel-Swap-Reform-To-Boost-Competition.htmlMon, 06 Sep 2010 15:16:12 GMTThe Australian Securities Exchange Group said that derivatives trading on the local bourse increased by at least 9% in August, driven by a take-off in contracts for difference trading. http://www.derivativesweek.com/Article/2662469/ASX-Sees-Surge-In-Derivatives-Trading.htmlMon, 06 Sep 2010 15:16:07 GMTNot one financial services firm will escape European Commission regulation for the derivatives sector, according to Michel Barnier, European commissioner for internal market and services.http://www.derivativesweek.com/Article/2662468/No-Financial-Firm-Will-Escape-Regulation-Says-Barnier.htmlMon, 06 Sep 2010 15:16:02 GMTThe European Parliament and negotiators for the governing council of the European Central Bank have reached an agreement that will give the EU supervisory authorities, or ESA, powers to settle disputes among national financial supervisors and to ban risky financial products and activities. http://www.derivativesweek.com/Article/2662107/EU-Gives-Supervisory-Authorities-More-Power.htmlFri, 03 Sep 2010 19:59:56 GMTCentral clearing for derivatives comes with a potential risk of failure, according to Charles Evans, president of the Federal Reserve Bank of Chicago. http://www.derivativesweek.com/Article/2662106/Clearing-Comes-With-Risk-Warns-Chicago-Fed-Head.htmlFri, 03 Sep 2010 19:59:55 GMTBarclays Capital has appointed Jon Pratt as head of debt capital markets in Asia. http://www.derivativesweek.com/Article/2662105/BarCap-Names-Asia-Chief.htmlFri, 03 Sep 2010 19:59:52 GMTDeutsche Bank has expanded its high-yield trading in Europe with two hires. http://www.derivativesweek.com/Article/2662104/Deutsche-Bank-Expands-European-High-Yield-Trading.htmlFri, 03 Sep 2010 19:59:47 GMTAntony Hung is retiring as head of Asia-Pacific wealth management at Bank of Americas Merrill Lynch unit. http://www.derivativesweek.com/Article/2662103/BofA-MLs-APAC-Wealth-Chief-To-Retire.htmlFri, 03 Sep 2010 19:59:43 GMTThe Reserve Bank of New Zealand and Securities Commission of New Zealand have conferred designated status on NZXs NZCDC Settlement System. http://www.derivativesweek.com/Article/2662102/Kiwi-Clearinghouse-Gets-Designated-Status.htmlFri, 03 Sep 2010 19:59:39 GMTThe European Commission is expected to propose softer over-the-counter derivatives trading requirements following heavy lobbying from non-financial companies that use the instruments. http://www.derivativesweek.com/Article/2661311/EC-To-Ease-OTC-Clearing-Requirements.htmlThu, 02 Sep 2010 20:50:45 GMTThe Working Group of Commercial Energy Firms has asked the U.S. Commodity Futures Trading Commission for guidance on applying for a temporary exemption from new over-the-counter derivatives trading regulations. http://www.derivativesweek.com/Article/2661310/Energy-Group-Asks-CFTC-For-Guidance-On-Swaps.htmlThu, 02 Sep 2010 20:50:43 GMTGlobal credit default spreads widened 3% in the past week, according to Fitch Solutions. http://www.derivativesweek.com/Article/2661309/Global-CDS-Spreads-Widen-3.htmlThu, 02 Sep 2010 20:50:41 GMTThe U.S. Commodity Futures Trading Commission has released rules for retail fx transactions. http://www.derivativesweek.com/Article/2661308/CFTC-Releases-Retail-FX-Rules.htmlThu, 02 Sep 2010 20:50:39 GMTBarclays Wealth is reportedly planning to roll out a new range of structured products later this month. http://www.derivativesweek.com/Article/2661307/Barclays-Eyes-New-Structured-Products.htmlThu, 02 Sep 2010 20:50:36 GMTDaiwa Capital Markets has expanded its investment banking staff in Asia ex-Japan with the hiring of three senior investment bankers. http://www.derivativesweek.com/Article/2661306/Daiwa-Expands-Asian-I-Banking.htmlThu, 02 Sep 2010 20:50:33 GMTBGC Partners has promoted Vanessa Ko as director and regional head of e-commerce for Asia Pacific. http://www.derivativesweek.com/Article/2661305/BGC-Taps-APAC-E-Commerce-Chief.htmlThu, 02 Sep 2010 20:50:30 GMTDC Advisory Partners has lost a second senior banker to Moelis & Co. http://www.derivativesweek.com/Article/2661304/DC-Advisory-Loses-Another-Banker-To-Moelis.htmlThu, 02 Sep 2010 20:50:28 GMTMumbai-based Religare Asset Management has named Sujoy Das as head of fixed income. http://www.derivativesweek.com/Article/2661303/Indian-Firm-Names-Fixed-Income-Head.htmlThu, 02 Sep 2010 20:50:17 GMTJPMorgan is reportedly planning to shut its proprietary desks this month and has given notice to an estimated 20 traders that their jobs will be eliminated. http://www.derivativesweek.com/Article/2660419/JPM-To-Close-Prop-Desks.htmlWed, 01 Sep 2010 20:01:22 GMTCME Group has appointed Alexander Rozenberg as managing director for over-the-counter risk for CME Clearing. http://www.derivativesweek.com/Article/2660418/CME-Names-OTC-Clearing-Risk-MD.htmlWed, 01 Sep 2010 20:01:15 GMTDeutsche Bank has enhanced its AutobahnFX trading platform to include its first fx options order service. http://www.derivativesweek.com/Article/2660417/Deutsche-Bank-Launches-FX-Options-Platform.htmlWed, 01 Sep 2010 20:01:09 GMTCBOE Holdings has announced that it will launch its all-electronic C2 Options Exchange in late October. CBOE said the new exchange will use a "maker-taker" fee schedule and a modified price/time matching algorithm for multiple-listed classes. http://www.derivativesweek.com/Article/2660416/CBOE-To-Debut-Second-Equity-Derivatives-Platform.htmlWed, 01 Sep 2010 20:01:03 GMTThe Mortgage Bankers Association has criticized proposed changes in Generally Accepted Accounting Principles by the Financial Accounting Standards Board that would impact derivatives and hedging activities. http://www.derivativesweek.com/Article/2660415/MBA-Blasts-FASB-Derivatives-Related-Proposals.htmlWed, 01 Sep 2010 20:00:59 GMTRoyal Bank of Scotland has hired Matthew Shuman as a director in its fixed-income, currencies and commodities prime brokerage team in the Americas. http://www.derivativesweek.com/Article/2660414/RBS-Hires-Prime-Brokerage-Director.htmlWed, 01 Sep 2010 20:00:55 GMTJPMorgan Chase has named Ray Eyles as head of its commodities business in Asia, succeeding the retiring Oral Dawe. http://www.derivativesweek.com/Article/2660413/JPM-Name-Asia-Commodities-Biz-Chief.htmlWed, 01 Sep 2010 20:00:51 GMTThe Securities & Exchange Board of India has lifted a ban on some trading by Barclays Bank after the firm took steps to ensure correct reporting of trading activity. http://www.derivativesweek.com/Article/2659687/India-Lifts-Barclays-Ban.htmlTue, 31 Aug 2010 21:24:31 GMTLCH.Clearnet has announced plans to eliminate clearing fees for its most active members and sharply lower them for others. http://www.derivativesweek.com/Article/2659686/LCH-Lowers-London-Clearing-Fees.htmlTue, 31 Aug 2010 21:24:29 GMTBanks in Europe would face fines for failing to report details of any over-the-counter derivatives under proposals by the European Commission. http://www.derivativesweek.com/Article/2659685/European-Banks-To-Pay-Price-For-OTC-Reporting-Failures.htmlTue, 31 Aug 2010 21:24:28 GMTICAP will launch an electronic market for trading euro interest rate swaps Sept. 6. http://www.derivativesweek.com/Article/2659684/ICAP-To-Launch-Electronic-Interest-Rate-Swap-Market.htmlTue, 31 Aug 2010 21:24:25 GMTCredit default swaps on European corporate bonds widened sharply in August by their largest amount since May. http://www.derivativesweek.com/Article/2659681/CDS-On-European-Bonds-Widen-Sharply.htmlTue, 31 Aug 2010 21:24:23 GMTIssuers of collateralized debt obligations turned out to be the biggest buyers of CDOs during the boom years prior to the crisis, according to ProPublica. http://www.derivativesweek.com/Article/2658926/Issuers-Biggest-Buyers-Of-CDO-Before-Crisis-Says-ProPublica.htmlMon, 30 Aug 2010 21:02:15 GMTThe Depository Trust & Clearing Corp. reportedly is looking to acquire a stake in the European Multiclearing Facility. http://www.derivativesweek.com/Article/2658925/DTCC-Said-To-Eye-European-Clearing-Stake.htmlMon, 30 Aug 2010 21:02:11 GMTNicolas Breteau, the new ceo of futures broker Newedge, has urged the European Commission to harmonize its proposals for over-the-counter derivatives and clearing reforms with other jurisdictions around the world, particularly the U.S. http://www.derivativesweek.com/Article/2658924/Newedge-Urges-Harmonizing-OTC-Reform.htmlMon, 30 Aug 2010 21:02:09 GMTVan Eck Global said it plans to eliminate derivatives from its Market Vectors exchange-traded funds. http://www.derivativesweek.com/Article/2658923/Derivatives-To-Be-Cut-From-Market-Vectors-ETFs.htmlMon, 30 Aug 2010 21:02:05 GMTMorgan Stanley has named Mitchell Nadel as head of fixed-income trading in Japan. http://www.derivativesweek.com/Article/2658922/MS-Names-Japan-Fixed-Income-Chief.htmlMon, 30 Aug 2010 21:02:00 GMTBank of America Merrill Lynch Global Research has hired Adarsh Sinha as head of Asia Pacific G10 fx Strategy. http://www.derivativesweek.com/Article/2658921/B-Of-A-Hires-APAC-FX-Strategist.htmlMon, 30 Aug 2010 21:01:59 GMTBroker-dealer Investment Professionals has expanded its fixed-income team with the hiring of James Beigel and Erol Bitela. http://www.derivativesweek.com/Article/2658920/Investment-Professionals-Expands-Fixed-Income.htmlMon, 30 Aug 2010 21:01:54 GMTTurkey has lifted a withholding tax on banking and insurance transactions and derivatives transactions, effective Sept. 1 and Oct. 1, respectively. http://www.derivativesweek.com/Article/2658555/Turkey-Scraps-Derivatives-Tax.htmlFri, 27 Aug 2010 20:04:24 GMTCredit default swaps spreads on European sovereign debt is likely to finish August with its largest monthly increase in at least a year. http://www.derivativesweek.com/Article/2658554/CDS-Spreads-On-European-Sovereign-Debt-Surge.htmlFri, 27 Aug 2010 20:04:22 GMTCarlos Tavares, chairman of Committee of European Securities Regulators, said he supports moving derivatives on to exchanges but questions how it would work in practice. http://www.derivativesweek.com/Article/2658553/CESR-Chief-Backs-Derivatives-On-Exchanges.htmlFri, 27 Aug 2010 20:04:20 GMTBNP Paribas reportedly has hired Gerry Fowler as global head of equity derivatives strategy. http://www.derivativesweek.com/Article/2658552/BNP-Said-To-Tap-Global-Equity-Derivatives-Chief.htmlFri, 27 Aug 2010 20:04:19 GMTCitigroup has named Patrick Perret-Green to the new position of head of fx and local-markets strategy for Asia ex-Japan. http://www.derivativesweek.com/Article/2658551/Citi-Names-Asia-FX-Trading-Head.htmlFri, 27 Aug 2010 20:04:14 GMTUBS has expanded its Asian prime brokerage with five new hires for its Hong Kong office. http://www.derivativesweek.com/Article/2658550/UBS-Expands-Asian-Prime-Brokerage.htmlFri, 27 Aug 2010 20:04:11 GMTScottish Widows Investment Partnership has appointed Andrew November as director of equities. http://www.derivativesweek.com/Article/2658549/SWIP-Taps-Equities-Director.htmlFri, 27 Aug 2010 20:04:07 GMTThe Association for Financial Markets in Europe suggested that governments may be able to reduce their funding costs by posting collateral on derivatives trades. http://www.derivativesweek.com/Article/2657867/Govts-May-Lower-Funding-Costs-With-Derivatives-Collateral.htmlThu, 26 Aug 2010 21:32:00 GMTThe U.K.’s Financial Services Authority is looking at different ways of developing stricter bank trading rules to help curb proprietary activity at financial institutions. http://www.derivativesweek.com/Article/2657866/FSA-Eyes-Tougher-Bank-Trading-Regs.htmlThu, 26 Aug 2010 21:31:58 GMTSociété Générale has hired Joseph White as head of U.S. equity derivatives sales. http://www.derivativesweek.com/Article/2657865/SG-Taps-US-Equity-Derivatives-Sales-Chief.htmlThu, 26 Aug 2010 21:31:56 GMTUralSib Capital, the investment business of Russia’s UralSib Financial Corp., has named Maximilian Honigsmann as v.p. in its derivatives department. http://www.derivativesweek.com/Article/2657864/Russia-Investment-Manager-Taps-Derivatives-VP.htmlThu, 26 Aug 2010 21:31:55 GMTCredit Suisse has rehired Sanjeev Bajaj as head of fixed income in India. http://www.derivativesweek.com/Article/2657863/CS-Names-Indian-Fixed-Income-Chief.htmlThu, 26 Aug 2010 21:31:54 GMTMorgan Stanley has hired Sean Chao as ceo of its operations in Taiwan as it looks to expand its fixed income business there. http://www.derivativesweek.com/Article/2657862/MS-Eyes-Fixed-Income-Expansion-In-Taiwan.htmlThu, 26 Aug 2010 21:31:52 GMTHong Kong regulators have granted NYSE Liffe approval to allow traders in the territory to have direct access to Liffe’s interest rate, bond, swapnote and equity products without the use of an intermediary. http://www.derivativesweek.com/Article/2657861/HK-Traders-Get-Direct-Liffe-Access.htmlThu, 26 Aug 2010 21:31:51 GMTThe law firm Chadbourne & Parke has named Simon Morgan to head its efforts to expand its capital markets practice in Central Eastern Europe. http://www.derivativesweek.com/Article/2657860/Chadbourne-and-Parke-Names-CEE-Capital-Markets-Head.htmlThu, 26 Aug 2010 21:31:50 GMTHSBC Holdings has named Clyde Choi as head of emerging markets fx trading in Asia and Ryuichi Atsuta as head of fx trading in Japan. http://www.derivativesweek.com/Article/2657059/HSBC-Taps-Asian-FX-Trading-Chiefs.htmlWed, 25 Aug 2010 21:56:42 GMTStandard & Poor’s downgrade of the Irish government has led to a widening of credit default swaps spreads to levels not seen in nearly a year. http://www.derivativesweek.com/Article/2657058/S-P-Downgrade-Widens-CDS-On-Irish-Banks-Debt.htmlWed, 25 Aug 2010 21:56:39 GMTFinancial institutions in Singapore are expected to offer less-sophisticated structured products after the Lehman Brothers minibond scandal that led to an investigation resulting in a ban on firms from selling the instruments. http://www.derivativesweek.com/Article/2657057/Simpler-Structured-Products-In-Singapore-Expected.htmlWed, 25 Aug 2010 21:56:38 GMTThe U.S. Commodities and Exchange Commission is taking a close look at CME Group’s Clearport swap-clearing platform as the agency considers clearing facilities for over-the-counter derivatives as required by financial reform legislation. http://www.derivativesweek.com/Article/2657056/CMEs-Clearing-Platform-Under-Scrutiny.htmlWed, 25 Aug 2010 21:56:37 GMTAdvisers are shunning new structured product from Royal Bank of Scotland. http://www.derivativesweek.com/Article/2657055/Advisers-Snub-New-RBS-Structured-Product.htmlWed, 25 Aug 2010 21:56:34 GMTThe man responsible for building JPMorgan’s global equity derivatives and equity proprietary business has been picked to run Man Group’s multimanager business. http://www.derivativesweek.com/Article/2657054/Ex-JPM-Derivatives-Bigwig-To-Run-Man-Multi-Manager-Biz.htmlWed, 25 Aug 2010 21:56:29 GMTTD Ameritrade Holding has extended its futures and fx trading capabilities to what it describes as “self-directed customers" with “appropriate investment objectives, risk tolerance, and knowledge” through its thinkorswim platform. http://www.derivativesweek.com/Article/2657053/TD-Ameritrade-Expands-Futures-FX-Services.htmlWed, 25 Aug 2010 21:56:24 GMTGoldman Sachs reportedly is not going to be spinning off its proprietary trading desk. http://www.derivativesweek.com/Article/2656316/GS-Reportedly-Not-Spinning-Off-Prop-Desk.htmlTue, 24 Aug 2010 18:54:33 GMTThe Monetary Authority of Singapore has lifted a ban on structured notes sales by six brokerages after they complied with orders from the regulator following an investigation of their marketing practices to retail investors. http://www.derivativesweek.com/Article/2656315/Singapore-Lifts-Ban-On-Structured-Note-Sales.htmlTue, 24 Aug 2010 18:54:27 GMTMoody’s Investors Service has downgraded a Merrill Lynch International credit default swap referencing a portfolio of senior unsecured, subordinated and preferred stock, known as Shamrock. http://www.derivativesweek.com/Article/2656314/Moodys-Downgrades-Merrill-CDS.htmlTue, 24 Aug 2010 18:54:23 GMTBNP Paribas has hired Mads Hultgreen as head of commodity derivatives European hedge fund sales, a new position. http://www.derivativesweek.com/Article/2656313/BNP-Hires-Commodities-Derivatives-Head.htmlTue, 24 Aug 2010 18:54:17 GMTCredit default swap spreads on European banks widened to their highest level since July 20 on concerns that a slowdown in the U.S. housing market will have a negative impact on the global economic recovery. http://www.derivativesweek.com/Article/2656312/CDS-Spreads-On-European-Banks-At-Month-High-Level.htmlTue, 24 Aug 2010 18:54:13 GMTBarclays Capital has named Mike Di Iorio to the new position of head of equities trading for Asia-Pacific. http://www.derivativesweek.com/Article/2656311/BarCap-Names-APAC-Equities-Trading-Chief.htmlTue, 24 Aug 2010 18:54:06 GMTBNY Mellon Global Markets has appointed K.H. Kang as head of trading for Korea. http://www.derivativesweek.com/Article/2656310/BNY-Mellon-Taps-Korean-Trading-Head.htmlTue, 24 Aug 2010 18:53:58 GMT