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  • Interdealer broker Tullet Prebon has shut its Asia Pacific property derivatives desk in Singapore.
  • Morgan Stanley has hired Pieter Van Der Schaft as an executive director and head of Asia ex-Japan interest rates strategy in its fixed income research team based in Hong Kong.
  • Mizuho Securities Asia has hired Yin Wu as head of fixed income and derivatives sales, a new role for the firm.
  • Credit Suisse is making a concerted push to boost sales in its China fixed income derivatives team, hoping to target sales in longer dated fx transactions, an area which lacks volume and liquidity.
  • If the U.S. financial reform legislation successfully pushes many over-the-counter derivatives onto exchanges, banks and dealers could see a tax break on those deals of up to 12%, lawyers say.
  • Goldman Sachs could shell out USD621 million to settle fraud charges by the U.S. Securities and Exchange Commission over collateralized debt obligations the investment bank sold, according to Brad Hintz, an analyst with Bernstein Research.