Derivs - Equity

Laurence Verghese, an equity derivatives trader at CBIC World Markets in London, has joined Royal Bank of Scotland as a senior equity derivatives trader covering single stocks.

The notional amount of single name and index credit default swaps outstanding globally for the first half of 2009 was USD36 trillion, 14% less than what was recorded for July to Dec. 2008, according to an update from the Bank of International Settlements.

Donal Galvin, global head of client structured products, has resigned from Rabobank in London.

Edward Pailthorpe, a v.p. in equity derivatives single stock trading at Goldman Sachs, is set to join Bank of America Merrill Lynch in a similar position.

Morgan Stanley has reportedly hired Rob Hewitt, the former head of Asia ex-Japan equity derivatives flow trading at Credit Suisse in Hong Kong.

Firms who trade over-the-counter derivatives hit out at the lack of clarity from regulators at the Futures and Options World derivatives conference in London this morning.

Romain Garagnon, head of equity derivatives structuring at Bank of America Merrill Lynch in London, has joined Citigroup, and brought with him senior structurers Benjamin Telle and Nerraj Chaudhary.

When the Chicago Board Options Exchange Volatility Index, or VIX, climbed past 30 last week, up 50% from two weeks ago, investors shouldn’t have been surprised, according an MKM Partners strategist.

Bonuses for derivatives traders will be much richer this year than last, but still below 2007 levels, according to a study released today by compensation consulting firm Johnson Associates.

The Lehman Brothers Holdings Inc. estate is winding down its derivatives portfolio, but staffing up its over-the-counter trading and valuations desk across all asset classes.

Russia’s Federal Financial Markets Service has offered a Parliamentary bill to legalize close-out netting for derivatives along existing International Swaps and Derivatives Association guidelines.

Norway’s Eksportfinans and Swedish Export Credit Corp. have been picking up business over the last few months issuing structured notes on behalf of banks.