Derivs - People and Markets

At least one bank is publicly proclaiming what many others have been talking about privately in the wake of tighter U.S. regulations. Frank Pucci, a senior compliance official at ANZ, told an Asian conclave this week that his firm is really benefiting from having full access to the U.S. markets, yet is able to attract business from non-U.S. counterparties in Asia who want to avoid compliance with Dodd-Frank.

Bank of America Merrill Lynch has hired Alex Tan as a managing director and head of Indonesian and Malaysian rates trading in Singapore.

Japan and Australia will become the two largest central clearing markets in the Asia Pacific region when client clearing rules are implemented there sometime in early 2014, according to speakers at the Futures and Options World Derivatives World Asia conference in Hong Kong today.

Futures dealers, traders and exchanges will benefit from increased volumes as the industry continues forward with the futurization of the swaps market, claimed speakers at the Futures and Options World Derivatives World conference in Hong Kong today.

Peter Scialla, head of U.S. equity volatility trading, and his brother Paul Scialla, co-head of U.S. interest rate products cash trading at Goldman Sachs, have left the firm.

Lee Burrows, head of delta one for Europe, the Middle East and Africa at Nomura in London, has left the firm.

Market participants have urged the European Securities and Markets Authority to amend its approach to the calculation of the net short position in sovereign debt as part of the regulation on short selling and certain aspects of credit default swaps.

Sylvain Pouteaux, head of volatility arbitrage Asia at Natixis in Hong Kong, has relocated to London.

The Filipino Securities and Exchange Commission has approved the majority of proposed rules governing listing of exchange-traded funds on the Philippine Stock Exchange, except for those guidelines covering market makers.

Some non-financial firms nay not be aware the European Market Infrastructure Regulation is applicable to them, despite it coming into force last Friday.

StormHarbour Securities has made three senior hires to its U.K. and Ireland sales force with the appointments of Simon Lawless, Benjamin Reynolds and Michael Freilich in London.

The Australian Securities & Investment Commission has opened up trade reporting of over-the-counter derivatives to foreign firms looking to operate trade repositories.