Derivs - People and Markets

Hong Kong Exchanges and Clearing Ltd. has expanded its Chinese business development by opening a mainland division, which it has populated with new senior hires.

LCH.Clearnet has appointed a seasoned veteran as the new group head of technology and operations.

Société Générale has acquired futures assets at Jefferies Bache in a transaction which will wind down the Bache futures and commodities business at the firm.

Poor liquidity, fluctuations in premium costs, and longer completion times for mergers and acquisitions are driving investors to enter longer term options strategies.

BNP Paribas has made an experienced hire to its foreign exchange trading business in London.

Global swaps participants can benefit from using decentralised, multitool approaches towards regulatory reporting in order to reduce costs and increase efficiency, according to a data vendor.

LCH.Clearnet’s SwapClear has become the first central counterparty to offer global clearing of inflation swaps, which it believes will provide better risk management for buyside firms.

UBS has promoted two employees to co-head its equities business in the Americas, according to an internal memo.

Investors are scrambling for cover seeking short term put options in Petrobras, the Brazilian energy company, after a series of scandals, market downturns, and credit problems rocked the company.

Companies are increasingly relying on accelerated share repurchases (ASRs) as alternatives or complements to traditional corporate share buyback schemes.

Innovation in structured products is essential to customise clients’ needs in dynamic market environments, but issuers must weigh risks and education with additional product complexity, according to panellists at the Structured Products Americas-2015 conference in New York.

The overall credit default swap and interest rate derivative notionals reported to swap data repositories last week decreased by 22% and 30% respectively compared to the same week last year, according to data from the International Swaps and Derivatives Association.