Derivs - Equity

Macquarie Group officials say the firm will focus on expanding its institutional over-the-counter equity derivatives business.

Nomura Holdings saw an improvement in equity trading revenues from the first quarter of fiscal year 2011 to the second quarter thanks to a pick-up in institutional over-the-counter equity derivatives and structured products.

Societe Generale is pitching unique tail-risk hedging strategies to underperforming hedge funds.

Royal Bank of Scotland has reportedly hired Jerry Yoon from JPMorgan to head institutional sales of equity derivatives in Asia.

Moves by investment managers to transfer their funds to a UCITS wrapper will bring about a greater use of contract for difference and delta-one swaps as either a hedging or leverage tool.

UBS officials are looking to list the first callable bull/bear contracts on the Singapore Stock Exchange.

Hong Kong warrants volume has picked up in recent weeks off of the success a handful of single names on the Hong Kong Stock Exchange, warrants officials say.

Correlation is a measure of the tendency of prices to move together. The correlation of two assets is simply the correlation of the returns. In order to estimate the correlation of several assets, we generally take the average of each correlation pair.

The Futures Industry Association is creating documentation for clearing over-the-counter derivatives that market watchers believe could become the industry standard.

­Tullett Prebon has hired six senior brokers as part of a strategy to build up its emerging markets team in North America.

Greg Zerzan, the ex-head of global public policy at the International Swaps and Derivatives Association, has landed at Koch Industries as director of federal government relations for finance and trading.

The Futures Industry Association is creating documentation for clearing over-the-counter derivatives that some market watchers believe could become the industry standard.