Derivs - Equity

Deutsche Bank has launched two separate offerings of structured notes linked to the S&P 500 and to the EURO STOXX 50. They’re aimed at investors who feel the indices will not drop more than 15% over the next year.

Cash-settled derivatives executed by closed-end funds lack stringent regulatory leverage restrictions.

Citigroup has hired Clemens Baadar, a senior synthetic equity trader at Deutsche Bank in London, as head of Delta 1 for the Central and Eastern Europe, Middle East and Africa region.

International Swaps and Derivatives Association members have provisionally agreed on standard terms setting out how a counterparty would dispute a calculation agent determination under an equity derivative transaction.

Eric Litvack, coo of global equity flow at Société Générale, told delegates that he is concerned by differences in legislative proposals in Europe and the U.S., particularly regarding reporting requirements and swap execution facilities

The Securities and Exchange Commission and the Commodity Futures Trading Commission are looking at establishing multiple identifiers for transactions as they plot governance of trading on swap execution facilities (SEFs).

Risk needs to factor in to how regulators define block trades, industry players are saying. Block trades will get to delay reporting and/or fewer disclosure requirements, under new standards.

Legislative proposals for the over-the-counter derivatives market released today by the European Commission lack specific detail and will create uncertainty in the market, according to industry officials.

Standard Chartered will launch Hong Kong index warrants for the first time in the next couple of months. It will follow up the offering with its first Hong Kong CBBC warrant.

MF Global has hired Michael Steinberg as managing director and head of Asian equity sales and Gregg Schonhorn as a senior v.p. and co-head of institutional credit sales.

Disclosing too much derivative trade information could expose counterparties, hurting their ability to trade and as a result reducing liquidity.

Vikesh Kotecha, ex-Asia head of derivatives trading at Nomura, is set to join Barclays Capital in a new role based in Hong Kong.