Derivs - Equity

A multi-asset volatility arbitrage fund is seeking capital from fund-of-fund managers for a first quarter launch.

Credit Derivatives Research has unveiled the first rollover of its Counterparty Risk Index.

Natixis is elimating exotic derivative offerings in Asia in a move that will see two thirds of its 300 capital markets division in the region cut. The measure takes effect immediately.

Wissam Wazen, an executive director trading single stock equity derivatives at Morgan Stanley in London, has left after just a few months.

Morgan Stanley has issued four capital-protected structured notes looking to tap investor appetite for risk-aversion.

Credit default swap spreads can be used as a predictor of short-term changes in a company’s share price, according to new research from the Royal Bank of Scotland.

Barclays Capital is advising investors that have ridden the recent spike in volatility to sell out if they are long variance swaps and buy at-the-money vol instead, since analysts expect vol to come off its high in the New Year.

Proprietary trading desks are expected to be off the radar for banks for at least a year, market watchers say.

Andrew Cope has joined Daiwa Securities in a new role as head of secured equity financing and supply, part of the Japanese bank’s extension of its derivatives platform.

Hong Kong Legislative Council will begin debate on regulatory reform today, including the possible merger of the Hong Kong Monetary Authority and Hong Kong Securities and Futures Commission.

A proposed law aimed at pushing all derivatives on an exchange to be regulated by the U.S. Commodity Futures Trading Commission is being predictably shot down by over-the-counter participants.

Société Générale is recommending investors who think volatility will ease over the short-term sell ratio put spreads expiring in January or February on the VIX.