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New contracts cannot yet be traded in US
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  • The Financial Industry Regulatory Authority and U.S. stock and options exchanges are planning to ask the U.S. Securities and Exchange Commission to extend the deadline for submitting a comprehensive market oversight system from next April to December 2013.
  • Deutsche Boerse’s Eurex Exchange has launched its new advanced derivatives trading system. The roll-out began with 24 property, inflation and weather derivatives, and will be followed by a product migration phrase with a full roll-out expected to conclude in May.
  • International investment banks, including Credit Suisse, UBS and Citigroup have reduced their investment banking staffs in Frankfurt by roughly 15%, as the institutions shift focus back to client relationship-focused business in the face of falling deal-making revenue.
  • JPMorgan Chase has juggled some of the responsibilities of some of executives in corporate and investment banking.
  • JPMorgan Chase is expected to name Nicolas Aguzin as deputy ceo for Asia-Pacific.
  • BNP Paribas has promoted Hugo Leung as deputy ceo of securities in Asia and Greater China head of global equities and commodities derivatives for Asia-Pacific.