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Asian buyers driving callable SSA market have resurfaced in public benchmark deals
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SSA
New contracts cannot yet be traded in US
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  • 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.
  • The U.S. Commodity Futures Trading Commission has voted 3-2 to reject a request by the Securities Industry and Financial Markets Association and the International Swaps and Derivatives Association to delay position limits.
  • Bursa Malaysia has made it easier to become a derivatives trader by eliminating a licensing exam and proof of academic qualifications and industry experience.
  • Luc Francois has departed as head of equities derivatives at Morgan Stanley to pursue other opportunities.
  • U.S. regulators have missed 200 deadlines for proposed regulations under the Dodd-Frank Act—nearly 75% of the total—and met only 51, according to a report by the law firm DavisPolk.
  • The Singapore Exchange has proposed dropping its so-called engine-level iceberg order functionality, which allows large orders of securities and derivatives to be released gradually into the market, saying eliminating it would enhance market transparency.