Derivs - Credit

Firms in Hong Kong are concerned they may have to comply with global and local regulations which will require special identity numbers to report transactions to the country’s imminent trade repository.

The People’s Bank of China is reviewing whether the National Association of Financial Market Institutional Investors should produce an internationalized master agreement for Chinese derivatives.

Hedge funds have been buying five-year credit-default swaps on J.C. Penny Company and The Gap over recent days pushing CDS on the names wider.

Investors have been decreasing exposure to synthetic, swap-based exchange traded funds, but those with assets considered to be stable saw an uptick in new net investments during the third quarter.

UBS has launched a 90% capital protected structured note linked to a managed futures trading strategy that also features a lookback mechanism, the first structure of its kind publicly offered in Switzerland.

The Monetary Authority of Singapore is preparing to unveil legislation in the next few weeks that will contain rules for mandatory clearing and reporting of standardized over-the-counter derivatives, according to lawyers in Hong Kong and Singapore.

Nick Brown, an equity exchange-traded fund options trader who previously was at Citigroup for seven years, has joined BNP Paribas in New York.

Chase van der Rhoer, executive director of investment-grade credit trading at UBS in London, has left the firm.

The European Parliament voted to all-but-ban short selling and naked credit default swap trading on sovereign debt—albeit with some seemingly large loopholes and details left fuzzy.

Invesco has hired Gregory McGreevey as head of fixed income, effective Nov. 28.

If Europe’s leaders hoped that the installation of technocratic governments in Italy and Greece would curtail the damage from the debt crisis, this week proved that they were very much mistaken.

Mike Gore, a London-based credit default swap trader at HSBC, has left his position.