Derivs - FX

Martin Bertsch, co-head of capital markets structuring for Asia Pacific at Nomura in Hong Kong, will be leaving at the end of the week.

Barclays Capital has recruited Ivan Ferraroni as head of Asia Pacific fx bank sales, including flow over-the-counter derivatives.

Calyon is recommending players sell three-month double no-touch options on cable as it continues to trade in a range-bound fashion.

A massive Aussie dollar put against the yen hit the market this morning. The notional was AUD2 billion (USD1.6 billion)—the biggest seen on the cross since the start of the year—and the size and positioning for a fall in the Aussie was dubbed a gutsy play by traders.

Standard Chartered has hired Anindya Kar, a v.p. in fx structuring at Merrill Lynch in Singapore, as a director in fx in Dubai. The role is a new one as the firm looks to expand in the region.

BNP Paribas is recommending investors take advantage of the abnormally high recent correlation between EUR/USD and USD/CHF with a dispersion trade.

Jake Rue, an institutional focused fx derivatives and cash salesman at Deutsche Bank in New York, resigned last week reportedly to join Nomura in a similar role.

Nomura has reportedly hired Chris Beame, an institutional salesman for fx derivatives formerly with Deutsche Bank in Boston.

Hedge funds were buying two-week calls on the euro against the U.S. dollar this morning, anticipating a slower decline in U.S. industrial production for the month of June, released at press time Wednesday by the Federal Reserve.

Chris Peters, a director in fx sales to corporates at HSBC in New York, and Felipe Leitao, a director in fx trading, have been appointed to senior roles at the firm within its Latin America team.

Peter Ristine, formerly a director in rate sales at Citigroup Global Markets, joined Standard Chartered yesterday as head of North American bank sales for rates and fx.

Nomura has hired David Steck, who until recently was Deutsche Bank’s head of fx sales for hedge funds in North America, to head a new fx cash and derivatives desk in New York.