Derivs - People and Markets

BNY Mellon has named Dan Mulholland as head of U.S. Treasury trading in its capital markets group.

Citigroup has teamed up with Shanghai-based Orient Securities to form Citi Orient Securities, a joint venture that will allow Citi to conduct equity and debt securities underwriting in mainland China.

Morgan Stanley has appointed Marie-Soazic Geffroy Dernoncourt and Derek Stanwell as co-heads of Asia-Pacific ex-Japan financial institutions group, to succeed Willard McLane, who left in July to join Citigroup.

An English judge has rejected a bid by Barclays to delay a lawsuit against it for allegedly mis-selling interest rate swaps as the bank allegedly was involved in manipulating the London interbank offered rate.

The volume of fx contracts trade at CME Group dropped by more than 25% in July from the preceding month, while InterncontinentalExchange reported that futures and options volume on its U.S. dollar index plunged 43% from June.

Gold Bullion International is planning to launch a structured product based on gold by the fourth quarter.

NYSE Euronext reported net revenue from derivatives fell 15% in the second quarter from a year earlier because of lower trading volume.

The Royal Bank of Scotland said it has fired staffers connected to alleged manipulation of the London interbank offered rate, but did not indicate whether it is nearing a settlement with regulators over the scandal.

The Monetary Authority of Singapore has issued a second response to feedback on proposed over-the-counter derivatives regulations, addressing concerns, among others, that cross-border trades “may attract potentially overlapping or conflicting requirements across multiple jurisdictions.”

Citigroup has named Nick Gray as a senior credit trader in London.

Bank of America says it has received subpoenas from U.S. Department of Justice, Commodity Futures Trading Commission and the U.K.’s Financial Services Authority for information related to the manipulation of the London interbank offered rate.

Neil Swinburne is retiring as head of European securities lending trading at Citigroup, six years after joining the bank from Goldman Sachs. .