Derivs - People and Markets

GFI Group has acquired assets from equity and credit interdealer broker Phoenix Partners Group, which includes a team of 32 brokers based in London and New York.

Marco Bach, an ex-senior equity derivatives trader at Citigroup in London, has joined U.K-based interdealer broker Forte Securities as cfo.

The Hong Kong Exchange saw a record volume of deliverable U.S. dollar, offshore China yuan futures traded on Monday following the Chinese government’s plans to tighten up liquidity requirements for foreign currency lending, according to traders.

It can be tough to read trends month-by-month in hiring, but there are some noteworthy ones in our wrap of last month.

There’s been a spurt of departures and arrivals in senior interest rate bankers as fixed-income markets are tipped to be a trading hot spot.

Keiran Ramsay, head of Australian dollar rates trading at the Royal Bank of Scotland in Sydney, is joining Nomura Securities as head of short-term interest rate trading

David Korpi, director in U.S. dollar swaps trading at Deutsche Bank in New York, has left the firm.

The International Swaps and Derivatives Association credit default swap definitions need overhauling to tackle problems with subordinated debt and bail-ins, which have heightened following the credit event of SNS Reaal.

The New Zealand Exchange has delayed the launch of the country’s equity derivative market, which was originally scheduled to start Wednesday, to ensure the new asset class receives full participation from the country’s buyside community.

Shravan Sahdev, ex-managing director and head of U.S. dollar interest rate derivatives trading at the Royal Bank of Scotland in Stamford, Conn., is joining Citadel as a portfolio manager, in New York.

Haroon Sana, global head of interest rates sales at Deutsche Bank in London, is leaving the firm.

The Australian Securities Exchange is aiming to introduce client clearing for its new over-the-counter derivatives clearinghouse by the end of 2013.