Derivs - Credit

Brett Golledge, European head of trading of credit indexes, index options and corporates at UBS in London, has left the firm.

Société Générale analysts are recommending a credit default swaps play that takes advantage of the widening gap between French and U.K. CDS spreads.

Deutsche Bank has been named the Global Derivatives House of the Year by the editors of Derivatives Week/Derivatives Intelligence. At a gala event at the Four Seasons Park Lane Hotel in London this evening, the bank scooped the top prize and also a number of asset specific awards. Also among the winners were CQS, Credit Suisse, Royal Bank of Scotland and ICAP.

High-yield credit default swaps trader Asif Mohamedali left UBS in London last week.

The International Swaps and Derivatives Association, the Institute of International Finance and the European Association of CCP Clearing Houses are calling for more time to discuss punitive rules on the capitalization of exposures to central counterparties.

LCH.Clearnet appeared closer to selecting a buyer as it meets to decide between bids from the London Stock Exchange and Markit.

Switzerland’s BX Berne eXchange has launched Aixecute, a new platform for trading of shares, bonds, funds and derivatives.

The London Stock Exchange’s Turquoise equity trading unit has added FTSE index options to its derivatives platform.

Nasdaq OMX is preparing to release two new market feeds, the Nordic Fixed Income TotalView and Nordic Derivatives TotalView.

The International Swaps and Derivatives Association plans to publish maps of the types of derivatives within different asset classes in the next several weeks.

The financial markets were in meltdown on Thursday after the Federal Reserve’s “Operation Twist” failed to convince investors that it can rescue the world from an impending slump.

As anticipated, the widely awaited September Federal Open Market Committee meeting delivered ‘Operation Twist.’