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New contracts cannot yet be traded in US
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  • Barclays Capital has cut four equity derivative traders and one equity derivative structurer, including Nicolas Cohen-Addad, the former head of Asia equity derivative trading.
  • The U.S. Commodity Futures Trading Commission is expected to propose that new over-the-counter derivatives trading venues make their electronic or quote pricing systems available to all market participants.
  • Michel Barnier, the European Union’s commissioner of internal market and services, has unveiled proposed legislation that would introduce tougher oversight of the over-the-counter derivatives, bonds and commodities markets.
  • Hong Kong plans to begin centrally clearing over-the-counter derivatives by the end of 2012, according to Martin Wheatley, the departing ceo of the Hong Kong Securities and Futures Commission.
  • A unit of Singapore’s DBS Bank has been sued for allegedly misrepresenting structured notes issued by Lehman Brothers Holdings as a safe investment.
  • Credit Suisse is said to have reduced the size of its 90-member longevity markets team by 15.