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  • Wells Fargo Securities has joined CME Group for clearing of over-the-counter interest-rate derivatives.
  • Scotia Capital has hired Cesare Roselli as managing director and head of sovereign, supranational and agency origination in Europe, a part of its global fixed-income team in London.
  • The European Structured Investment Products Association has urged the European Commission to conduct a study for the development of a so-called risk classification system for packaged retail investment products, such as structured products, that is separate from UCITS risk classifications set out by the European Securities and Markets Authority.
  • Knight Capital Group has completed the rollout of a new delta adjusted options algo. The delta adjusted strategy allows a trader to calculate movement for both an option and the underlying stock simultaneously to create a delta hedge.
  • Mike Fullalove, the former head of equity derivatives at Nomura in London, has joined UBS in a new role as global head of alternative fund distribution, also in London, according to a memo seen by Derivatives Week.
  • The recently-approved new over-the-counter derivative rules from the China Banking Regulatory Commission will open the derivatives market to asset managers as well as dealers, according to a report by Allen & Overy lawyers.