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Asian buyers driving callable SSA market have resurfaced in public benchmark deals
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SSA
New contracts cannot yet be traded in US
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  • The Securities and Exchange Commission should not bar the use of derivatives in funds, according to former Commissioner Paul Atkins.
  • BNP Paribas fx strategists are recommending a calendar spread on long-dated euro/U.S. dollar volatility. The trade involves buying a 20-year call on the euro against the dollar and selling a five-year call on the same underlying, both with at-the-money strikes.
  • The U.K. House of Lords today issued a report in response to regulatory developments at the E.U. Commission targeting over-the-counter derivatives. As first reported by Derivatives Week, the E.U. Sub-Committee A supports the European Commission’s stance on appointing the proposed European Securities and Markets Authority to regulate clearing houses.
  • Tsui Keng Ong, executive director and senior equity derivatives marketer for JPMorgan in Hong Kong, has opted to take a one-year sabbatical with the bank’s blessing.
  • Barclays Capital has unveiled the first note linked to the recently launched S&P500 Dynamic VEQTOR (Volatility Equity Target Return) Total Return Index.
  • Citigroup has added 13 new staffers to its Global Prime Finance Group in London and New York, seven of which are former Barclays Capital employees.