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New contracts cannot yet be traded in US
The Americas derivatives community came together in New York to recognise and celebrate outstanding achievements across the industry
The derivatives market gathered in London on Thursday night to celebrate its leading players
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  • 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.
  • CME Clearing Europe has announced that it will now accept gold bullion to cover margin requirements, which its U.S. clearing counterpart has been doing since October 2009.