Derivs - People and Markets

Dan Miller, global head of execution sales at BNP Paribas in Hong Kong, has left the firm.

The European Commission has extended the timeline for the European Securities and Markets Authority to submit draft regulatory technical standards on the cross-border application of the European Market Infrastructure Regulation.

Traiana and MarketAxess have completed the first live credit default swap index trade using Traiana’s CreditLink service to verify pre-trade credit limits, with JPMorgan as the clearing member for a buysider.

Scott O'Malia, a commissioner at the Commodity Futures Trading Commission, wants an extension to the Oct. 2 deadline for trading on a swap execution facility, he told DW on the sidelines of the 34th Bürgenstock Global Derivatives Forum in Geneva today.

Interoperability of clearing models on a global scale is neither desirable nor possible in the short-term, according to clearinghouse officials speaking at the 34th annual FIA/SFOA Bürgenstock Forum for Derivatives Markets in Geneva this morning.

Keith Dawson, managing director and index volatility trader at Wells Fargo in New York, has left the firm.

Deliverable swap futures could boost liquidity in derivatives markets and lead to a healthier industry going forwards, Jeffrey Howard, managing director and global co-head of prime services markets at RBS Securities, told the Bürgenstock global forum for derivatives markets in Geneva today.

Mark Ibbotson, the ex-co-ceo and global head of clearing at NYSE LIFFE, has joined G.H.Financials, an exchange-traded derivatives clearing and settlement firm headquartered in London.

The Hong Kong Exchange has made futures available on its HSI Volatility Index and China Exchanges Services China 120 Index to U.S.-based investors.

Scotiabank is building out its fx flow and structured product coverage in Asia, in a bid to offer its largely corporate clients greater access to regional currencies, such as China renminbi.

Chris Wait, global head of fixed income sales at Standard Chartered in Singapore, is leaving the firm.

Lawyers warned that the regulatory balkanization of financial markets is inevitable and may be irreversible, at the 2013 Annual ISDA Europe Conference in London yesterday.