Derivs - People and Markets

Saudi Arabia’s plans for economic and social reform will involve developing its financial markets, including the use of derivatives.

A rally in US equities has led to the largest build-up in short VIX futures positions among hedge funds in at least a year, according to data from the US Commodity Futures Trading Commission.

LCH, the clearing house operator, has made two senior executive appointments.

ICAP Securities & Derivatives Exchange (ISDX) has made two appointments to its board.

China Construction Bank plans to begin trading derivatives and bonds in Singapore, having teamed up with Singapore Exchange to promote the island state’s capital markets to Chinese companies.

Société Générale has appointed Yann Garnier as head of global markets for Asia Pacific, replacing Frank Drouet who recently took on the role of head of global markets.

The chance of the United Kingdom voting to leave the European Union has been driving sterling option premiums sharply higher, but so far has not affected the price of risk in the euro. That, say strategists, is likely to change.

The International Swaps and Derivatives Association's EMEA Determinations Committee has ruled that Norske Skog has triggered a restructuring credit event.

Credit markets reacted positively after Brazil’s congress voted in favour of impeaching president Dilma Rousseff on Sunday.

Investors and analysts found encouragement this week in the resilience of oil prices after the failure of OPEC talks in Doha on Sunday. But there are signs that the positive mood will not last long.

Despite the difficult start to the year, global financial exchanges have continued to expand their coverage of world markets with new listed products.

Onshore exchanges are marking rapid growth, as regulations force China shorters to take an increasingly creative approach.