Patrick Sollinger, head of index
trading at Commerzbank in Tokyo, has resigned, according to
officials at the firm. He reported to Tim Reed, Asia head of
derivatives in Tokyo. Reed declined all comment and Sollinger could
not be reached.
An official at the firm said Joe Yang, an
equity derivatives trader, has assumed Sollinger's responsibilities
overlooking cash and over-the-counter index trading. Yang was on
vacation and could not be reached for comment.