Derivs - Equity

Bank of America Merrill Lynch has hired Regis Loeb, the ex-head of equity flow trading at Barclays Capital in London, as head of index volatility trading, also in London.

JPMorgan Chase dominated the derivatives market in the fourth quarter, holding nearly USD78 trillion, or one-third, of the total USD231 trillion industry, according to a report by the Office of the Comptroller of the Currency.

Société Générale has hired Josh Penner as director in equity derivatives sales in New York.

Citigroup is set to hire Brennan Warble as head of equity sales trading in New York in a new role.

Some emerging market regulators, including those in Malaysia and Indonesia, have called on major dealers to draft not only local-language versions of International Swaps and Derivatives Association Master Agreements, but simplified, plain language versions in the local language for smaller corporates.

Nomura has appointed Richard Sherlund as managing director and head of its U.S. technology equity research team.

HSBC Global Asset Management’s HSBC Global Emerging Markets Equity Absolute Return Fund has been shorting emerging market financial names over the past few weeks.

BlackRock has applied to list two new exchange-traded funds in Singapore, the iShares JP Morgan USD Asia Credit Bond Index ETF and the iShares Barclays Capital Asia Local Currency Bond Index ETF.

The recently-enacted safe harbor for close-out netting in the revised Malaysia Deposit Insurance Act (PIDM Act) doesn’t go far enough for major dealers.

Tullet Prebon is hopeful that interest in a new index will lead to structured issuances down the line, said Frank Desmond, managing director in London.

The presidency of the Council of the European Union’s has proposed stronger rules segregating assets between central counterparties, clients and other CCPs in the proposed European Market Infrastructure Regulation.

Legg Mason will begin using derivatives on its Global Multi Strategy Bond Fund.