Derivs - Equity

Frank Copplestone, the ex- head of equity derivatives structuring for Asia at Deutsche Bank, is poised to land at Morgan Stanley as its European head of equity derivatives structuring.

Yuri Sugiura is set to join Standard Chartered’s Tokyo-based operation to head up equity derivatives distribution for Japan.

Roger Cohen, head of the index delta 1 desk at Deutsche Bank in London, has exited the firm.

Investors are flipping around the traditional variance dispersion trade as they attempt to exploit an expected increase in correlation on the Euro STOXX 50 index.

Financial stocks expected to weather the financial crisis are being picked for put trades, with one—Italian firm Intesa SanPaolo—seen as a prime target for long-dated options.

The International Swaps and Derivatives Association and the Security Industry and Financial Markets Association have submitted a joint brief to an appeal court asking that it reverse a district court’s ruling in the CSX Corporation v. The Children's Investment Fund Management case.

Matt Renirie, head of equity derivative sales to hedge funds at Merrill Lynch in London, has resigned to join Morgan Stanley.

Lawyers are poring over proposed Financial Services Authority rules expanding disclosure requirements for equity contracts for difference.

Matt Renirie, Merrill Lynch London’s head of equity derivative sales to hedge funds, has resigned and is expected to join Morgan Stanley, where he will head the European equity derivatives flow sales team.

Ronan Connolly, head of single stock derivative flow trading at Merrill Lynch in London, has left the firm.

Some investors are using equity plays as hedges on credit trades—a shift from the usual hedge using credit protection—to take advantage of the more liquid stock options market

Smaller and regional firms in Europe have been taking advantage of the banking sector turmoil to pick up experienced staffers—and some are offering top dollar to close the deal.