Derivs - People and Markets

Omer Suleman, an ex-fx options trader at Citigroup in London, has joined Goldman Sachs as a G10 fx options trader, also in London.

The Singapore Exchange is actively seeking recognition from both European and U.S. regulatory bodies for its over-the-counter clearinghouse, Derivatives Clearing.

Giovanni Leonardi, the ex-head of Europe, the Middle East and Africa delta one index and market access sales for equities at Nomura in London, is set to join Bank of America Merrill Lynch in a new role.

The Hong Kong Exchange plans to roll out client clearing within six-to-nine months after its clearinghouse Over-The-Counter Clear Hong Kong begins operations with interdealer trades.

Newedge has hired Michael Schulz as its chief risk officer for Newedge UK Financial Limited.

Local Japanese financial institutions are diversifying away from U.S. counterparties when entering into swaps contracts in a bid to sidestep or delay registration as a major swap dealer with the U.S. Commodity Futures Trading Commission, according to market participants.

Electronic equity options trading in North America and Europe is growing, with 20-25% of investors executing trades electronically.

John Thang, managing director and co-head of fixed income sales, North East Asia, at Standard Chartered in Hong Kong, will be moving to a similar position at ANZ.

Equity revenues in Citigroup’s Securities and Banking division increased by 76% during the third quarter of 2012 compared to the same period during 2011, driven by improved derivatives performance.

Eric Personne, head of Europe, Middle East and Africa fund solutions at Bank of America Merrill Lynch in London, has left the firm.

Loh Boon Chye, former head of corporate and investment banking for the Asia-Pacific at Deutsche Bank in Singapore, is joining Bank of America Merrill Lynch as the new head of Asia Pacific global markets.

The Singapore Exchange’s proposed lowering of its clearinghouse membership threshold to a SGD50 million (USD40.6 million) minimum share capital value from SGD1 billion (USD1.23 billion) could introduce ill-equipped clients into the nascent CCP.