Derivs - Equity

The Royal Bank of Canada has hired Pat Ward as single stock options trader based in New York.

JPMorgan has reopened a structure that provides double short exposure to the U.S. 10-year Treasury futures index within an exchange-traded note with no buffer or protection to the positive performance of the index.

The Australian Securities and Investments Commission is recommending new laws that would require retail over-the-counter derivatives players to report 12-month cash flow projections and also increase their capital requirements, according to a proposal paper issued today.

Five equity derivatives staffers have exited Goldman Sachs in Asia, including four executive directors and a v.p.

Deutsche Bank has sold USD1.7 million in an unprotected structure that provides exposure to three times the appreciation of a proprietary equity mean reversion index as well as one times a proprietray total return index.

BNY Mellon is developing support for swap execution facilities and the ability to report to trade repositories in anticipation of the finalization of derivatives regulations.

The South Korea National Assembly has approved a tax on non-deposit foreign currency liabilities, that could capture foreign currency collateral held against derivatives transactions, beginning Aug. 1.

UBS has agreed to pay USD160 million to settle state and federal investigations into its transactions involving municipal derivatives between 2001 and 2004.

The latest proposed text of the European Market Infrastructure Regulation from the European Council’s presidency limits clearing obligations to over-the-counter derivatives, running counter to moves by the European Commission and the European Parliament to encompass all derivatives.

UBS has hired Olivier Faure, as an executive director and single stock equity derivative flow trader

MF Global has hired six employees focused on over-the-counter derivatives across equity and commodities, with five based in New York and one in Hong Kong.

The House Agriculture Committee has voted to delay the July 21 deadline for developing rules governing derivatives rules for 18 months.