Derivs - Interest Rate

John Thang, managing director and co-head of fixed income sales, North East Asia, at Standard Chartered in Hong Kong, will be moving to a similar position at ANZ.

Bank of America Merrill Lynch has named David Moore and Denis Manelski co-heads of North American rates trading.

Some of Japan’s interest rate swap clearinghouse members were not prepared to trade via the country’s newly-minted CCP earlier this week—choosing to continue to trade bilaterally, according to traders and brokers in Tokyo.

Buysider interest in using overnight indexed swaps as a hedging tool has dried up in the wake of the U.K. regulatory review of Libor.

LCH. Clearnet has launched its SwapClear Consultancy Certification Program which will certify consulting firms to advise end-users about OTC derivatives clearing.

Trading of yen-denominated interest rate swaps in Japan stalled briefly Tuesday in the Asia-Pacific morning as clearing began on the country’s central counterparty.

The Singapore Exchange’s proposed lowering of its clearinghouse membership threshold to a SGD50 million (USD40.6 million) minimum share capital value from SGD1 billion (USD1.23 billion) could introduce ill-equipped clients into the nascent CCP.

The Australian Securities Exchange is counting on the launch of new interest rate swaps, equity index derivatives and the establishment of a central clearing counterparty for over-the-counter derivatives to boost revenue as the global downturn hits equity trading volumes.

Patrick Flaherty, an interest rate options trader at Deutsche Bank in New York, has left the firm.

Barclays is advising investors to enter into EUR 1y*10y payer spreads and knock-in payers to take advantage of the cheapness in volatility while protecting against a sharp selloff in EUR rates.

Proposed changes regarding how U.K. client assets are held by non-bank clearing members may result in significant operational challenges and greater costs in futures clearing.

The Royal Bank of Scotland is advising investors to enter the USD 2-5-10y fly through payor swaptions at zero cost.