Derivs - Equity

The Japan Financial Services Agency plans to push regulators in the U.S., Europe and other regions to move forward with the implementation of mandatory clearing of over-the-counter derivatives.

BNP Paribas is advising investors to enter a worst-of-best-of option play that positions for the worst performer in a basket of emerging markets indices to outperform the best performer in a basket of developed markets indices.

The International Swaps and Derivatives Association has written the Commodity Futures Trading Commission a letter saying that the forwards exclusion requirements under Dodd-Frank are too strict.

Sasha Diklich, co-head of derivatives at Renaissance Capital in London, has left the firm.

The growing liquidity in VIX products has opened the door for growth in second generation strategies for hedging credit portfolios with equity derivatives, a novel and potentially more effective hedging strategy, according to market officials.

Chinese authorities could soon allow the trading of options referencing the new China equity-backed exchange-traded fund market, according to traders and lawyers.

Giovanni Leonardi, the ex-head of Europe, the Middle East and Africa delta one index and market access sales for equities at Nomura in London, is set to join Bank of America Merrill Lynch in a new role.

The Hong Kong Exchange plans to roll out client clearing within six-to-nine months after its clearinghouse Over-The-Counter Clear Hong Kong begins operations with interdealer trades.

Newedge has hired Michael Schulz as its chief risk officer for Newedge UK Financial Limited.

Derivative.com, the Zurich-based multi-dealer structured product platform, has begun offering discount certificates.

Local Japanese financial institutions are diversifying away from U.S. counterparties when entering into swaps contracts in a bid to sidestep or delay registration as a major swap dealer with the U.S. Commodity Futures Trading Commission, according to market participants.

The CME Group has received regulatory approval to offer portfolio margining services for OTC interest rate swap positions and eurodollar and treasury futures for customer accounts.