Derivs - Equity

One of the Lehman Brothers estate’s myriad derivatives counterparties got a reprieve in court last week.

Nomura International took a GBP10.8 million (USD16 million) trading loss in equity derivatives desk in the incident that sparked a U.K. Financial Services Authority sanction this morning.

Broker MF Global has hired Maurice Zhang to sell equity derivatives into China, focusing on institutional buyers and domestic funds, such as Qualified Domestic Institutional Investors, also known as QDIIs.

Matthew Riley, a former executive director in equity derivative flow sales at Morgan Stanley, has joined the Royal Bank of Scotland.

Macquarie Securities Group, the equity brokerage arm of Macquarie Group, has hired Jeremy Kloiser-Jones to head its Asia structuring and derivatives solutions business, a newly appointed role.

Research and brokerage firm Louis Capital Markets wants to expand its Asian equity derivatives platform.

Goldman Sachs issued USD347 million in S&P 500-linked auto-call knock-out notes last Tuesday.

Barclays Capital is working on principal-protected structures linked to a new proprietary algorithmic index called ARISTO, which combines three of its other prop indices.

Edmund Shing, a senior equity derivatives strategist at BNP Paribas in Paris, has left the firm and is yet to be replaced.

Vittorio Villa, a senior equity derivatives trader at Bank of America Merrill Lynch in London, has joined Credit Suisse in a new position as a prop trader specializing in long/short equities and volatility.

Steve Seman, a senior equity derivatives trader at Credit Suisse in London, left the firm last week reportedly to set up his own brokerage firm.

Equity and fx derivatives traders and salesmen are in line for a huge increase in bonuses this year, with credit derivatives execs not far behind, according to headhunters.