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SSA
New contracts cannot yet be traded in US
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  • The emergence of meta-platforms allowing investors to trade investment products from multiple issuers online is seen as the biggest threat to single dealer dominance of the structured product market in Europe.
  • The European Union is said to have told Deutsche Boerse and NYSE Euronext that their proposed remedies to antitrust concerns were insufficient.
  • Citigroup is gradually moving some of its cash staff to derivatives and Delta 1 products such as exchange-traded funds amid a pessimistic view of cash volume for 2012, according to Mike Pringle, global head of equity trading at the bank.
  • The Reserve Bank of India has recommended monitoring of the derivatives market in light of surging trading as a result of high volatility and uncertainty in the first half of the 2012 fiscal year.
  • UBS has named Peter Forlenza to head its equities business in North and South America.
  • The notional amount of over-the-counter derivatives outstanding rose 18% in the first six months of 2011 to USD491.3 trillion, according to the International Swaps and Derivatives Association.