Derivs - Equity

Rothschild Wealth Management has bought out-of-the-money put options on the S&P 500 and the DAX, as a hedge against significant market declines over the next 12 months.

R. Martin Chavez, chief information officer for Goldman Sachs in New York, will receive the Outstanding Contribution Award at the Americas Derivatives Awards on April 22. Chavez, who was selected for the award by senior buyside and sellside officials active in the derivatives markets, will be honoured for his contribution to the development of the derivatives market through his role at the International Swaps and Derivatives Association, as well as his success in developing Goldman’s Equities Franchise, among other areas. The full list of award categories and nominees can be accessed at www.derivativesweek.com.

Dealers of private EMTNs: Non-syndicated deals for <= €300m excluding financial repackaged SPVs, GSE issuers, self-led deals and issues with a term of < 365 days Dealers of private EMTNs including self-led: Non-syndicated deals for <= €300m excluding financial repackaged SPVs, GSE issuers and issues with a term of < 365 days Dealers of structured EMTNs including self-led: Structured, non-syndicated deals for <= €300m excluding financial repackaged SPVs, GSE issuers, puttable FRNs and issues with a term of < 365 days

Dealogic league tables of ECM transactions, last 12 months rolling.

The Korea Exchange will encourage asset managers later this year to use volatility futures as underlyings for exchanged-traded products, such as exchange-traded funds or exchange-traded notes.

South Korea’s Financial Services Commission plans to impose sanctions in the form of fee assessments against parties involved in erroneous trading orders.

David Benayoun, a former event driven portfolio manager at HSBC in London, and Marc Ohayon, a former senior equity derivatives flow salesman at Barclays in London, are to launch a global event driven hedge fund.

The Options Clearing Corp. is to launch S&P500 equity index option clearing in Q2, 2014 following regulatory approval to clear the instrument.

Euronext has extended the range of single stock futures it offers on a range of its most liquid listed stocks to 86. The new single stock futures add to its existing range of 12 in Portuguese equity options, index futures and options.

NYSE Liffe is to expand its index derivatives business with the launch of MSCI Factor Indices futures.

Deutsche Asset & Wealth Management has no immediate plans to launch any new synthetic exchange-traded funds in Asia Pacific this year, after a decision last December was made to pursue physical-backed ETFs.

Macro hedge fund investors are buying short-dated upside calls on the Nikkei 225, targeting strikes above 16,000, following a rally in the yen against the U.S. dollar.