Derivs - Equity

Nomura is putting the finishing touches to an expansion plan for its equity and fund-linked derivatives platform, to build on what it says is the market share it has grabbed as rivals have pulled back.

The Bank of Thailand has freed up local commercial banks and foreign banks with an on-shore presence to use derivatives more often across the asset spectrum via new regulations which kicked in earlier this month.

Credit Suisse is sending an onshore equity derivatives trader to Moscow within the next month, further underlining the firm’s expansion of the business into emerging markets.

Barclays Capital is marketing an equity derivative structure to capture returns from the best performers in a handful of stocks, offset by a put option on the worst performer.

Merrill Lynch staffer Alex Trojanow will land at Morgan Stanley next week, joining his former colleague Matt Renirie.

Deutsche Bank is recommending put spread collars--featuring a long 95% put option financed by an 85-110% strangle—on the EURO STOXX 50 index through December, because investors have been looking for cheap hedging options over the next few months amid market uncertainty.

Senior staffer David Samuel has returned to The Royal Bank of Scotland as its head of equity quantitative trading in London.

Bank of America’s equity derivatives team is out marketing to select buy-side clients a so-called consumption option, which gives the same upside and downside exposure as vanilla options but with reduced exposure to volatility.

Firms are increasingly pitching cross-asset correlation structures—hybrids—as jaded investors turn away from taking directional views.

Asian equity heads have noted a handful of unexpected index volatility plays from Asian hedge funds over recent weeks.

Calyon is set to make big cuts to its equity derivatives platform globally, with as many as half of its roughly 250 people worldwide possibly leaving.

Jean-Paul Brasier, has joined Nomura in Hong Kong, as head of head of its equity derivatives flow business.