Derivs - Equity

The Bank for International Settlements’ Basel Committee will in the next two to three weeks issue a final consultation on the capitalization of dealers’ exposures to a central counterparty’s default fund.

Deutsche Bank has been named the Global Derivatives House of the Year by the editors of Derivatives Week/Derivatives Intelligence. At a gala event at the Four Seasons Park Lane Hotel in London this evening, the bank scooped the top prize and also a number of asset specific awards. Also among the winners were CQS, Credit Suisse, Royal Bank of Scotland and ICAP.

BNP Paribas is touting going long a call spread on the Euro STOXX 50 Dec. 13 dividends in a contrarian play that looks to take advantage of low implied dividend growth from 2011 to 2013 on European corporations due to the recent sell-off in European equities.

The International Swaps and Derivatives Association, the Institute of International Finance and the European Association of CCP Clearing Houses are calling for more time to discuss punitive rules on the capitalization of exposures to central counterparties.

Nomura has hired Steve Kilcullen as head of flow derivatives sales in New York, where he will be focusing on building out the equity options business.

Steven Downey, the former head of European equity derivatives trading at UBS in London, is set to join Nomura as head of equities trading.

Market officials involved in the synthetic exchange traded funds market are preparing for European and Australian regulators to introduce new rules on minimum collateral levels for synthetic domestic-listed exchange-traded funds.

The International Swaps and Derivatives Association plans to publish maps of the types of derivatives within different asset classes in the next several weeks.

Abdelkerim Karim, global head of equity derivatives at Nomura in London, and Emad Morrar, global head of product strategy also in London, have the left the firm.

Citigroup has hired Adam Lavis, a senior a single-stock option trader at Barclays Capital in Hong Kong, for a newly created role as a director and head of single-stock volatility trading for Asia-Pacific.

The latest version of the European Market Infrastructure Regulation could give market participants more leeway in clearing intragroup transactions, according to speakers at yesterday’s International Swaps and Derivatives Association’s European conference in London.

Investors looking for a bullish volatility play are being touted downside put options on the iShares 20-year Treasury Bond exchange-traded fund on the back of expectations for a third round of quantitative easing.