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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
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New contracts cannot yet be traded in US
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  • Daiwa Securities Group is selling its synthetic prime brokerage to Bank of Nova Scotia as its restructures its overseas businesses.
  • Standard & Poor’s has rolled out S&P Commodities Risk Control Index Series, which it says will focus on liquidity and is designed to support index funds, index portfolios, and index futures and options.
  • State Street Global Advisors has debuted two new additions to its exchange-traded fund range, SPDR Barclays Capital Short Term Treasury ETF and the SPDR Barclays Capital Investment Grade Floating Rate ETF.
  • Bennett Grau and Mark Mallon, who most recently worked as proprietary traders at Goldman Sachs, are teaming up with Marc Mezvinsky, a former colleague and son-in-law of former President Bill Clinton, to establish Eaglevale Partners, a hedge fund set to launch in the first half of next year.
  • JPMorgan Chase has launched a prime custody service to European client.
  • The U.S. Securities and Exchange Commission's Office of Compliance Inspections and Examinations and the Financial Industry Regulatory Authority jointly issued a risk alert and regulatory notice on broker-dealer branch inspections, and offered suggestions to help securities industry firms better perform them.