Derivs - Equity

The European Parliament’s economic committee has delayed a final vote on the European Market Infrastructure Regulation for a month.

The European Commission is grappling with the issue of whether the European Securities and Markets Authority has the power to determine which over-the-counter derivatives must be centrally cleared.

A group of dealers, buysiders and industry associations, including the International Swaps and Derivatives Association, have promised regulators they will publish new equity derivatives definitions in May and set up an equity determinations committee by mid-2012.

Alexandre Fleury, the former European head of exotic equity trading at Société Générale, is set to join Morgan Stanley in the same role based in London.

HSBC plans to develop a post-trade automation platform by early next year for equity derivatives in Brazil.

BNY Mellon has appointed Jonathan Bowler, Chris Coleman and Laura Scala to senior management positions in its Derivatives360 business.

Royal London Asset Management has hired Darren Bustin, the ex-head of derivative solutions at life insurance and pension company AEGON, as head of derivatives based in London.

The Royal Bank of Scotland has launched a structured product linked to stocks which derive at least 50% of their revenues from Mongolia. According to structurers in Europe, the Mongolian theme is the first of its kind.

Equity structured products denominated in Hong Kong-domiciled Chinese yuan are likely to see growth and increased interest this year, Ed Steel, global head of equity structured product trading at Standard Chartered in Hong Kong, told Derivatives Week in a wide-ranging interview.

Robert Pickel is executive vice chairman of the International Swaps and Derivatives Association in New York, where he oversees a range of industry initiatives related to the derivatives market, including U.S. regulatory issues.

This Learning Curve seeks to describe some of the unique features of London Metal Exchange options to a practitioner familiar with options, but new to the LME options market.

Dealers and securities firms in China are looking at ways to give offshore investors synthetic exposure to A-shares outside of the Qualified Foreign Institutional Investor scheme, which puts quotas on each QFII and limits offshore synthetic exposure to delta one and long only.