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  • Barclays, Credit Suisse and UBS are among European banks that have sharply reduced their exposure to commodities trading to ease demands on their capital levels.
  • Andy Wilkins has left as head of delta one products at Sucden Financial, the London-based futures and commodities brokerage, which he joined in December 2010 from BBVA.
  • iShares has launched its i-Shares MSCI Japan Monthly GBP Hedged ETF, an exchange-traded fund that is hedged to the British pound.
  • Tullett Prebon has dropped plans to acquire Elevation, the New York-based equities and equity derivatives interdealer-broker, after the two sides were unable to reach an agreement on final terms of the deal, which was supposed to have closed by the end of first half of the year.
  • Deutsche Bank has named Ravneet Gill, its former head of capital markets and treasury solutions, to succeed Gunit Chadha as ceo of its India operations.
  • The Absolute Insight Currency Fund, a sub-fund of asset manager Absolute Insight, has been buying short-dated puts on the euro as implied volatility has been historically low.