Derivs - Equity

The Depository Trust and Clearing Corporation’s Equity Derivatives Reporting Repository will gather information on all open equity derivatives positions of its 16 member firms from July 30. The information will be sent to regulators on August 13.

Citigroup has expanded its European equity derivatives sales team with the appointment of three senior officials.

Bank of America is reportedly looking to kick start an Asia-focused asset liability business initially out of Hong Kong, according to a person aware of the firm's plans.

Structured product sales in the retail, private banking space in Asia has taken a slight dip as fears of a double-dip recession continue to loom, salesman in the region say.

Draft proposals in Germany would limit foreign counterparties’ ability to terminate contracts with German institutions at risk of insolvency, which market participants fear will put a damper on trading with them.

Carl Mason, the former head of equity derivatives strategy in the Americas at BNP Paribas in New York, has landed at UBS.

The limited development of the derivatives markets in Asia-Pacific helped to reduce the potential losses to counterparties during the credit crisis three years ago, the Bank of International Settlements said today.

The proprietary trading ban in the U.S. Dodd-Frank Act could limit a firm’s ability to hedge against the risks associated with its structured product offerings.

Abhinav Gorawara, managing director and head of equity derivatives sales for Asia-Pacific at Bank of America, has left the firm.

Jefferies is planning to expand its equity derivatives team in Europe, as it has done in the U.S., where it made a bevy of hires in the second quarter of 2010.

John-Paul Booth, managing director and head of equity structured product sales for the U.K. at Credit Suisse in London, is set to leave the firm at the end of August.

Standard Chartered has hired David Arnold to head up financial market sales for South East Asia.