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  • Daniel Mitchell, an ex-emerging markets fx options trader at the Royal Bank of Scotland in London, is joining Citigroup in a similar role in London.
  • JPMorgan has hired James Gething, an ex-fx options trader at the Royal Bank of Scotland in London, as co-head of fx options trading for Central & Eastern Europe, Middle East and Africa, also in London.
  • Jonathan Powell, an ex-fx options trader at Barclays in London, is set to join Goldman Sachs in a similar role, according to an official familiar with the move.
  • Tim Hawkins, a senior euro interest rates swap trader at Morgan Stanley in London, is set to join Bank of America Merrill Lynch as a director and head of gilts trading, also in London.
  • U.K. media mogul Richard Desmond has sued Credit Suisse, charging the Swiss bank with allegedly misrepresenting the riskiness of GBP50 million (USD78.47 million) in derivatives it sold him.
  • Six out of 10 financial market participants said proposed clearing requirements for derivatives will likely prompt end-users not to use the instruments, according to Risk.net.