Derivs - People and Markets

Tradeweb Markets has applied to the U.S. Commodity Futures Trading Commission to become a swap execution facility.

The Bank for International Settlements has opened a consultation on proposals to change the capital treatment of bank exposure to central counterparties.

Dushyant Chadha, head of equity derivatives for the Americas at Deutsche Bank in New York, is set to join UBS.

NYSE Liffe, the derivatives division of NYSE Euronext, has moved clearing on its London-based derivatives market to ICE Clear Europe.

The Monetary Authority of Singapore has proposed requiring reporting of derivative positions over SGD8 billion (USD6.3 billion) for non-financial specified persons.

ICAP has appointed Jan de Smedt, an ex-senior director in licensing and sales at S&P Dow Jones Indices, as global head of indices in London.

Iain Flockhart, the ex-head of delta 1 trading for Europe, Middle East and Africa at Barclays in London, is set to join Bank of America Merrill Lynch in a similar role, also based in London.

Foreign structured product dealers operating in South Korea have been lobbying the authorities to reinstate the local equity warrants market.

European politicians and European Council negotiators have agreed on extending the scope of market abuse regulation to over-the-counter trades such as commodity derivatives, as well as instruments traded on multilateral trading facilities and organized trading facilities.

More depth is required in the equity derivatives market before a volatility index in Singapore can be launched, according to Muthukrishnan Ramaswami, president of the Singapore Exchange.

Milbank, Tweed, Hadley & McCloy has hired John Williams, the ex-head of Allen & Overy’s U.S. derivatives practice in New York, as a financial institutions partner in a new role.

A lack of harmonization among U.S. and European regulators in their approach to over-the-counter clearing could spur Asian regulators to develop regional clearing models that would negatively impact traded products that are systematically important globally, according to Paul Swann, president and managing director at ICE Clear Europe.