Derivs - Equity

Morgan Stanley strategists are pitching equity/fx over-the-counter hybrids on Taiwan equity indices and the Taiwan dollar against the U.S. dollar as they take bullish views on both asset classes in the coming year.

Goldman Sachs is marketing three-year delta one certificates in Switzerland, linked to what it calls a social network basket.

Powers of the European Securities and Markets Authority to decide which over-the-counter derivatives can be cleared are being trimmed even before the pan-European regulator has had a chance to formerly weigh in on the issue.

Some U.S. funds have been buying options and option spreads against the euro, driven by the idea Germany could exit the single currency in the next two years, according to fund managers and structurers on both sides of the Atlantic. The structures have received a spurt in interest as funds zero in on sovereign debt concerns in the region.

An all-to-all format of pricing and trading over-the-counter derivative swaps could lead to a flash crash in the interest rates market, according to Peter Fisher, vice chairman at BlackRock.

Regulators need to allow derivative endusers the opportunity to opt-out of utilizing an omnibus style clearing account with its clearinghouse in a swap post-Dodd-Frank, said Roger Liddell, ceo of LCH.Clearnet at TabbForum’s Derivatives Reform: Preparing for Change conference yesterday in New York.

The European Securities and Markets Authority has written to the heads of the Securities and Exchange Commission and the Commodity Futures Trading Commission to express fears over plans for the registration of non-U.S. swap data repositories.

The China Banking Regulatory Commission has approved more lenient rules for the use of credit derivatives.

Robeco Investment Management has filed documents with the Hong Kong Securities and Futures Commission to begin offering its U.S Large Cap Equities D USD shares fund to Hong Kong investors.

Convergence between the U.S. and Europe on regulations affecting the cash and synthetic securitization markets remains mixed, according to a panelist at the Practising Law Institute’s 10th annual Securities Regulation in Europe conference in London.

Barclays Capital plans to focus more on dispersion trading and volatility swaps on single name stocks in 2011 in Asia.

UBS has launched the first delta one structured notes tied to its new mergers and acquisitions index.