Derivs - Equity
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Forward volatility agreements—which allow users to speculate on future volatility—are growing in popularity among real money managers such as pension funds and insurance companies.
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Silvan Herriger, the ex-head of index derivatives trading for Europe at BNP Paribas in London, has joined interdealer broker Vantage Capital Markets as global co-head of brokerage, a new role.
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UBS has hired John Sillam as a senior equity derivatives correlation trader in Asia.
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Walnut Creek, Calif.-based Credit Derivatives Research has launched an equity options volatility advisory service to complement its credit derivatives offering.
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Stuart Pyott, the former head of European institutional equity derivatives sales at Citigroup in London, and Vipul Faujdar, a senior equity derivatives flow salesman also from Citi, are set to join Grupo Santander.
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Michel Barnier, the new European Commissioner for Internal Market and Services, is set to hold talks with U.K. regulators and government officials March 2 on derivatives reform, financial transaction taxes and the Volcker rule.
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Charlie O’Flaherty, head of structured products for the Americas at Bank of Ireland in Stamford, Conn., left the firm two weeks ago.
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Christian Denk, a director and equity derivatives trader on Deutsche Bank’s proprietary trading desk in Hong Kong, left last week.
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Morgan Stanley equity derivatives strategists are recommending that institutional investors buy May call spreads on Bank of America--despite high option prices--to take advantage of expected steady earnings.
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Amilcare Police, head of equity derivatives sales and distribution for Europe, Middle East and Africa at HSBC in London, left the firm a few days ago.
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The Committee of European Securities Regulators has released plans to extend rules requiring the disclosure of major shareholdings to instruments that have a similar economic effect to owning shares or having entitlements to buy shares.