Derivs - Equity

HSBC Private Bank in Hong Kong has seen an uptick in equity structured product sales in the past month.

Barclays Capital has brought Frank Wong on board in a warrants sales and marketing role in Hong Kong.

Some derivative lawyers are seeing a resurgence of convertible bonds with embedded call spread overlays that fix the price of shares convertible noteholders will eventually hold. For corporates, it is a way of mitigating the dilution of their shares by guaranteeing shareholders a higher priced stock.

The capital markets division of Dubai boutique investment bank Arqaam Capital has started marketing reverse convertible notes for the first time to investors in the Gulf Cooperation Council.

Société Générale is seeing interest from Latin American in hybrid structured products that combine an equity-linked trade with a credit default swap.

Chris Innes, the former head of equity derivative sales and trading at Bank of America, has formed an equity advisory shop.

Peter Wu, head of structured equity derivative sales into China at BNP Paribas, departed his Hong Kong slot last week.

Barclays Capital analysts are recommending investors buy volatility via straddles on the SPDR Financials exchange traded fund, also known as the XLF, since uncertainty over second-quarter earnings should drive implied volatility levels higher than expected.

Investment management firm Blue Bell Private Wealth Management is buying structured notes with varying maturities on the Standard & Poor’s 500 and using them to create a ladder effect in client portfolios.

Noreddine Sebti, Deutsche Bank's global head of equity trading and equity markets in Asia, has left the firm

The International Swaps and Derivatives Association is readying documentation to support options and swaps on the Standard & Poor’s BRIC 40 index, made up of the largest and most liquid stocks in Brazil, Russia, India and China.

Synthetic prime brokerage—where a user enters into a derivative (frequently referred to as a portfolio swap) with a bank to get synthetic access to a range of asset classes—is finding favor among investors.