Derivs - Equity

Singapore Exchange’s China FTSE A50 index futures hit record trading volumes in January, with an average 97,984 contracts traded daily.

The European Commission is gauging opinions from companies, individuals and associations on a pushing ahead with an effort bolster the international jurisdiction of courts.

Daiwa Capital Markets pulled back from the global over-the-counter derivatives market because of uncertainty over global regulation, according to Dominique Blanchard, managing director and global head of derivatives and convertible bonds in Hong Kong, who has left the firm.

Credit Suisse saw equity sales and trading revenues of CHF4,330 million last year against CHF4,270 million in 2011, despite lower trading volumes and client activity, according to its earnings statement.

A proposal from the European Securities and Markets Authority for interoperable central counterparties to assess the need to harmonise their risk management frameworks has been tagged as unworkable by market participants. The European Multilateral Clearing Facility, SIX x-clear and LCH.Clearnet all think the proposal is not practicable.

UBS employees earning over CHF250,000 will have part of their bonuses deferred.

Olivier Faure, head of index flow trading for Asia at UBS in Hong Kong, left the firm last week.

Investors are starting to buy longer-dated upside call spreads and other equity derivatives referencing the Nikkei as the rally in Japanese stocks continues.

Dominique Blanchard, managing director and global head of derivatives and convertible bonds in Hong Kong at Daiwa Capital Markets, has left the firm.

Banco Bilbao Vizcaya Argentaria has expanded its equity derivatives flow and structured products capabilities in Europe to grow its distribution in the U.K., Switzerland, the Nordics and France.

The Hong Kong Exchange has presented its plans for after hours futures trading to the Legislative Council’s Panel on Financial Affairs.

Nomura Securities plans to issue four exchange-traded notes from a new platform. The NEXT Notes will be issued Feb. 18 on the Tokyo Stock Exchange.