Derivs - Equity
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Hang Seng Bank has launched three new equity-linked investment programs in Hong Kong, the first the firm has launched since a new reporting regime came into effect earlier this year.
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As the market struggles to come to terms with global sovereign debt issues facing the market and the prospect of a slowing economy, an interesting development is occurring in the volatility markets in Europe. -
Banks have been selling call spreads this week on Chicago Board Options Exchange's Market Volatility Index to hedge funds.
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Hedge funds have been showing increased interest and trading forward-starting variance swaps on the S&P 500 over the past few weeks as investors look to play a normalization of the implied volatility curve in the coming months.
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Farhang Mehregani, Citigroup’s head of equities of cash and derivatives trading and sales for Central and Eastern Europe, the Middle East and Africa, has left the firm.
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Bank of America Merrill Lynch has promoted Henry Mulholland to head of equities for the Americas, overseeing derivatives, based in New York.
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The International Swaps and Derivatives Association has called for liability caps for clearinghouse members should the clearinghouse default.
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Proposed rules floated by the European Securities and Markets Authority to improve the ways firms market investment products, such as structured products, through prospectuses, has been slammed by issuers.
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South Korea is proposing legislation that would create a licensing framework for central counterparties and mandate clearing for any transaction that can significantly affect a market or markets if counterparties default.
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The International Accounting Standards Board has scrapped a project to converge the offsetting of financial instruments, especially derivatives, under U.S. generally accepted accounting principles and International Financial Reporting Standards.
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EFG Financial Products in Hong Kong is planning hires and to expand its client base in Asia over the coming year.
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