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Asian buyers driving callable SSA market have resurfaced in public benchmark deals
◆ Public sector issuers embrace hedge fund bid... ◆ ... as they flex in the swap market ◆ Car makers welcomed back to bond market
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SSA
New contracts cannot yet be traded in US
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  • Stuart Pyott, head of European institutional equity derivatives sales at Citigroup in London, and Vipul Faujdar, a senior equity derivatives flow salesman, have left the firm.
  • Nomura Securities International is looking for a U.S. strategist to cover interest rates derivatives and volatility as it plots a doubling of its fixed income research headcount in the U.S.
  • Gregory Hands, a member of the U.K. parliament and shadow minister of Her Majesty’s Treasury, opposes mandatory exchange trading for over-the-counter derivatives.
  • A landmark court ruling favoring Citigroup and Woori Bank over Korean corporate Soosan Heavy Industries in a dispute over a knock-in knock-out fx trade has unsurprisingly been welcomed by banks
  • Calyon has hired Nathan Sinclair, an fx prop trader at Standard Chartered, as a director and G10 currency options trader based in Hong Kong.
  • Traders in Asia are locking in recovery rates for credit default swaps on Aiful at around 40%.