Derivs - Equity

Ben Radclyffe, head of equities electronic trading, Australia, at Deutsche Bank in Sydney, is relocating to the firm’s Hong Kong office.

Regulatory requirements for buysiders in regard to bunched orders is deterring some investors from trading on swap execution facilities, according to Richard McVey, chairman and ceo of MarketAxess, told attendees at the at the Wholesale Markets Brokers' Association's SEFCON IV conference at the Grand Hyatt Hotel in New York on Monday.

Varying regulation in different jurisdictions is going to result in fragmentation and the potential for regional markets, according to speakers at the Wholesale Markets Brokers' Association's SEFCON IV conference at the Grand Hyatt Hotel in New York yesterday.

Investors should consider buying a March 2014 put butterfly on the Nikkei, with strikes at 15,000-14,500- 14,000, following the recent rally on the Japanese equity last week that saw the index pass 15,000.

Clark Hutchinson, global head of futures at Morgan Stanley in New York, is joining Deutsche Bank as managing director and head of U.S. listed derivatives, also based in New York.

Leonteq, formerly EFG Financial Products, has launched tracker certificates linked to its Relative Trend Index.

BlueCrest Capital Management has continued its equities team expansion with the appointment of senior portfolio managers from sellside firms.

Albert Dombrowski, Americas head of the special situations group at Goldman Sachs in New York, is retiring from the firm.

South Korea’s tax regime is disadvantaging local issuers of synthetic exchange-traded funds, as ETFs listed offshore and invested in by Korean investors are not subject to the country’s full range of taxation.

The move by NASDAQ OMX to begin pricing structured notes and certificates of deposits has been met with concern prices may not be reflective of actual value.

Hedge funds are bearish Dec-13 VIX futures to play lower volatility into year-end, while also entering into VIX March-14 calls to position for higher volatility in March, according to market officials.

The Singapore Exchange plans to offer U.S. dollar-denominated futures on Thai, Indian and Filipino equity markets in a bid to offer investors greater access to Asia’s emerging markets.