Derivs - Equity

Phillip Capital Management is looking to launch two new funds in Singapore, the Phillip S-REIT Fund and the Phillip RMB Bond Fund, according to documents filed with the Monetary Authority of Singapore.

Mandatory clearing applied indiscriminately across markets will increase systemic risk, according to Alexander Justham, director of markets at the U.K. Financial Services Authority.

Morgan Stanley has hired Vincent Dumontoy, an ex-senior equity derivatives trader at Barclays Capital in London, in a similar role also in London.

Derivatives market participants see problems with how Basel III accounts for the risk posed by central counterparties.

Citigroup Global Markets Asia and asset manager and investment advisory Tribridge Investment Partners have closed a USD32 million Asia ex-Japan focused synthetic structured note linked to an underlying portfolio of credit default swaps and total return swaps.

Bank of America Merrill Lynch has hired Peter Fung, the former managing director and head of exotics trading for the Asia Pacific at Deutsche Bank in Hong Kong. He joins as a managing director in equity derivatives trading, a spokesman confirmed.

National Bank Financial, a branch of the National Bank of Canada, sold CAD15 million in non-principal protected structured notes taking a bearish view on the 4% June 2041 Government of Canada 30-year bond last week.

BNP Paribas has sold over $70 million notional in options playing outperformance of large cap equities against small caps to institutional clients last week.

The European Securities and Markets Authority has asked for input on what topics in the European Market Infrastructure Regulation to prioritize in creating technical standards.

The South Korea Financial Services Commission is requiring a basic deposit as an entry barrier to the equity-linked warrants market.

BNP Paribas has hired Sam Shi as sales director of greater China for asset owners and asset managers, which will incorporate derivatives products.

Frederic Valmorin, a former senior equity derivatives index trader at Nomura in London, has joined Citigroup as a director in Eurostoxx trading, also in London.