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  • Morgan Stanley has launched Morgan Stanley Fix, an over-the-counter algorithmic trading product that offers flow-weighted average pricing in currencies.
  • Jefferies has expanded its global fixed-income business with the hiring of Alix Bernard as a managing director in European credit sales.
  • Daiwa Capital Markets has named Ali Khan as managing director and head of Asian equity sales.
  • Mathias Piardon and Frederic Levy, former equity derivatives traders at Dresdner Bank, have formed Noho Capital in Hong Kong and are launching a managed futures Asian hedge fund.
  • The Securities and Exchange Commission has paved the way for mutual fund firms to use U.K.-based LCH Clearnet Limited to clear interest rate swaps.
  • Bank of America Merrill Lynch has hired Regis Loeb, the ex-head of equity flow trading at Barclays Capital in London, as head of index volatility trading, also in London.