Derivs - Equity

The Hang Seng China Enterprises Index index for h-shares has been the most affected by banks dumping volatility and hedge funds not buying it, according to market players.

The appetite of private banking and retail customers for equity structured notes may be returning.

Francois Le Barazer, director in index volatility trading at Bank of America in London, has left the firm.

Senior single-stock derivatives trader Enrico Lais, previously at Deutsche Bank, is expected to resurface at Barclays Capital.

Asia-Pacific sellsiders are shifting to look for senior derivatives players with broader-based skills rather than specific expertise.

Firms in Europe are reporting a greater take up of hedges in variable sizes by distributors planning on issuing structured notes.

Institutional trading firm Miller Tabak + Co. has established Miller Tabak Capital Management to manage derivatives strategies.

Structured products desks in Asia have started dumping volatility and hedge funds have stopped buying as a result.

Guildford, Surrey-based Premier Asset Management is marketing its 38th U.K. Growth Plan, a kick-out structure linked to the FTSE 100.

Merrill Lynch has lost a Milan-based structured equity derivatives salesman, Matteo Kohlloeffel, to Landesbank Baden-Württemberg.

Korean private banking clients are shying away from structures referencing single Korean stocks and are instead looking at structures referencing a variety of indices as safer and more diverse investments.

Asian equity heads are reporting a slowing in the rate of unwind requests for private banking client portfolios, and that the peak has passed.