Derivs - Equity

BNP Paribas this week began marketing a so-called Erasable Knock-Out equity linked note. The note is linked to a pair of stocks and generates a return as each stock individually hits a predetermined knock-out barrier and is removed from the basket.

New York-based GlobeOp Financial Services will launch an add-on to its over-the-counter derivatives trade processing system next week, allowing fund managers to access current and historical valuation and trade reconciliation data more efficiently than before.

Mike Taylor, a former director in single stock equity derivatives trading at Citadel in London, has joined UBS.

Laurent Marquis, the former global head of equity derivatives trading at BNP Paribas in Paris, is set to join JPMorgan as coo of equity derivatives trading in London.

Lyxor Asset Management is marketing a capital-guaranteed fund in Hong Kong and Macau that protects investors from a counterparty failure via an equity-linked swap.

UBS has hired a pair of senior equity derivatives traders in Asia

Timothy Freeman, formerly a managing director in equity derivatives sales at Merrill Lynch, has joined volatility trading firm Capstone Global Markets as head of U.S. equity derivatives sales in New York—a new role.

Scotia Capital has hired Chris Kulia, formerly a v.p. in corporate derivatives sales at Credit Suisse, for its corporate derivatives desk in New York.

Jeroen Van Der Ven, a former equity index trader at Bank of America Merrill Lynch in London, has joined Hawaiian hedge fund Evolution Capital Management.

Nomura is planning to expand its emerging markets equity derivatives sales team in London in response to growing demand for structured notes.

The rationalization of margin requirements emerged as a major concern at joint public meetings on over-the-counter derivatives regulation hosted by the two largest U.S. financial watchdogs this week.

Nomura Holdings America has appointed Paul Jackaman cfo of its U.S. equity division. He recently moved to New York from London, where he was head of equity product control for Europe, Middle East and Asia.