Derivs - Equity

JP Morgan’s head of equity derivatives and convertibles for Asia Pacific, Patrick Moisy, is reportedly set for a move to the firm’s London office.

Three managing directors in derivative sales for Goldman Sachs in Hong Kong have left the firm.

With options pricing so steep amid high volatility, call and put spreads are becoming increasingly popular with private wealth clients as a way to drive down costs.

Hedge funds are navigating over-the-counter options volatility by buying worst-of calls and best-of puts on equity indices, baskets of indices and hybrid baskets containing equity indices, interest rates, exchange-traded funds and commodities.

Royal Bank of Scotland has been marketing a strategy to high-net-worth investors that allocates capital into Chinese stocks in times of growth and into a market-neutral play during a downturn.

A pair of Deutsche Bank equity derivative staffers recently left the firm in New York, one to start a boutique and one to join a rival bank.

Bank of New York Mellon formally launched its MarginDIRECT system Monday, a tool that helps derivative dealers manage margin requirements and provides additional liquidity.

Some London-based Dresdner Kleinwort staffers are preparing to take legal action after an expected EUR400 million bonus payout was slashed Wednesday. Derivative staffers are among them.

Morgan Stanley has launched a transition management services group in Asia and is looking to push over-the-counter derivatives to its Asia ex-Japan institutional investor clients.

Joe Compton, a director in equity derivative sales to hedge funds at Deutsche Bank in New York, exited the bank yesterday.

The Chicago Board Options Exchange VIX index, which measures volatility on the Standards & Poor’s 500 index, cracked through 50% today.

Citadel Investment Group has lost three London-based equity options traders.