Derivs - People and Markets

Franklin Templeton has debuted the Brazilian Opportunities Fund, which will invest in equity, fixed income and fx.

Ignis Asset Management has launched an absolute return credit fund that will use credit default swaps to gain exposure to investment grade and high-yield credit.

Janney Montgomery Scott has expanded its taxable fixed-income team with five new hires, including Richard Crescenzo and Douglas Scales as managing directors and co-heads of institutional credit sales.

Several banks, including Bank of America, Barclays and Credit Suisse, have been sued by investor 33-35 Green Pond Road Associates over interest-rate swaps it bought that were linked to the London interbank offered rate.

Cantor Fitzgerald has announced the launch of a corporate advisory business and an expansion of its brokerage services in Europe with 17 appointments, including Angelo Sofocleous as co-head of equity trading with Marc Altmann.

The Moscow Exchange has appointed Roman Sulzhik as managing director and head of it derivatives market.

Further clarity is needed in respect to article 25 (1) of the European Market Infrastructure Regulation, according to the International Swaps and Derivatives Association. Article 25 (1) prohibits non-E.U. central counterparties from providing clearing in the E.U. unless recognized by the European Securities and Markets Association, and ISDA has warned European lawmakers that a number of issues still remain to be settled, such as whether non-E.U. CCPs will be able to obtain recognition from the regulatory body before the prohibition comes into effect.

Insight Investment has hired Paul Lambert as head of currency in London.

Regis Loeb, managing director and head of European index trading at Bank of America Merrill Lynch in London, has left.

Banks under investigation for their role in manipulating the London interbank offered rate are said to be voluntarily providing antitrust regulators with information related to the scandal with the hopes of receiving lower fines. .

The Singapore Exchange has proposed regulations that would introduce margining for securities cleared by the central depository as part of its efforts to enhance its risk management practices.

Berkshire Bank has filed a lawsuit against 21 banks, including Bank of America, Barclays, JPMorgan Chase and Citigroup, for allegedly manipulating the London interbank offered rate, resulting in lower interest payments it received. .