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◆ Public sector issuers embrace hedge fund bid... ◆ ... as they flex in the swap market ◆ Car makers welcomed back to bond market
CEB plans to print more structured notes and may launch inaugural Sofr bond in 2026
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New contracts cannot yet be traded in US
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  • LCH.Clearnet has hired Lisa Rosen as its first group head of compliance and public affairs.
  • Tullett Prebon has named Simon Underhill as head of options trading on its base-metals desk.
  • Royal Bank of Scotland may cut one-quarter, an estimated 5,000, of its 19,000-strong investment-banking staff as part of its effort to restructure itself as a retail bank.
  • Rothschild Wealth Management’s Zurich-based investment team has been using bull spread warrants as a way of gaining exposure to rebounds in the European equity markets for its clients.
  • Standard Chartered strategists are advising investors to buy one-month call spreads on the U.S. dollar against the Hong Kong dollar to take advantage of a moderate rise in the greenback.
  • A head of equity derivative flow sales in New York is pitching calls on the SPDR Gold Trust exchange-traded fund, known as GLD, to gain exposure to cheap implied volatilities and take advantage of a flat skew.