Derivs - Equity

GFI Group has applied to the U.S. Commodity Futures Trading Commission to become a multi-asset swap execution facility under Dodd-Frank.

South Korean authorities have granted Société Générale a financial investment business license, allowing it to deal in securities, equity underlying exchange-traded derivatives and over-the-counter derivatives.

Foreign institutions are concerned they will have to enter a foreign financial institution agreement with the U.S., or otherwise suffer a withholding tax on their derivatives transactions, if intergovernmental agreements are not concluded before the implementation date of the Foreign Account Tax Compliance Act.

Hedge funds are buying steepener trades on Eurostoxx 50 dividend futures versus the Dec-14 dividend future in an attempt to take advantage of the current high beta in longer-term maturities.

The Bank of Thailand has lifted its offshore investment quota for both institutional and non-institutional investors, making it easier to invest in exchange and over-the-counter derivatives and other instruments.

The Vstoxx is expected to spike in the fall following economic events in the U.S. and in the lead up to elections in Germany, according to traders and salesmen.

Jason Hedberg, the ex-head of U.S. equity derivative sales at Société Générale in New York, is set to join UBS in a similar role, also in New York.

The Bank of Thailand has lifted its offshore investment quota for both institutional and non-institutional investors, making it easier to invest in exchange and over-the-counter derivatives and other instruments.

Goldman Sachs’ net revenues in equities, excluding reinsurance, jumped 23% year-on-year, driven by higher net revenues in derivatives and cash, according to its Q2 2013 earnings.

Stuart Hall, the ex-head of equity index exotics and hybrids at the Royal Bank of Scotland in London, has joined the Canadian Imperial Bank of Commerce as a managing director in equity derivatives trading for Europe, also in London.

The U.S. Commodity Futures Trading Commission issued late Monday night an update to its latest cross border swap exemptive order, giving a reprieve to foreign branches of U.S. swap dealers located in jurisdictions, such as Singapore, that were not covered in the original order issued late last Friday.

Ray Joseph, cio and executive director at the Office of the Special Trustee at the U.S. Department of Interior for the state of New Jersey, has joined Barclays’ as a director in investor solutions, in New York.