Derivs - Equity

Complex warrants known as callable bull/bear contracts, or CBBCs, have gained in popularity on the Hong Kong warrants market over the last few weeks, while interest in more vanilla structures has become subdued.

Citigroup is listing a range of equity-tracker certificates on the Hong Kong exchange, which will allow investors to start taking sector plays on foreign markets and which bankers say may start a price war.

Equity strategists are recommending hedge funds return to buying volatility, a strategy they last used in the fall, around the beginning of the market correction.

Morgan Stanley has shed regional staffers across its equity derivatives flow sales team, with German, Italian, Swiss and French specialists all exiting the firm in the last few days.

ABN's Asia head of private investor products sales has stepped down from the role.

Two equity derivatives sales staffers in London are joining Credit Suisse from UBS.

Alan Zagury, co-head of exotic equities trading, has left JPMorgan in London for Goldman Sachs in Hong Kong.

U.K. investment house Dawnay Day Quantum is marketing two Hang Seng-linked structured notes, both capital protected but one with a 50% floor.

Invesco PowerShares, Invesco’s U.S. exchange-traded funds business, has started offering exchange-traded notes structured by Deutsche Bank.

The Royal Bank of Scotland has sold an equity-linked structure to Malaysian investors, via Malaysian bank Maybank’s branch network

Kurt Finkbeiner, head of equity derivatives trading for Asia at The Royal Bank of Scotland, has left the firm.

Jeff Sparks, a managing director in U.S. equity derivative sales at UBS in Stamford, Conn., has left the firm.