Derivs - People and Markets

Uncertainty in European Union is likely to keep global capital markets repressed for another three to five years, according to Andreas Uterman, global cio at Allianz Global Investors.

Lyxor Asset Management has rolled out its Lyxor ETF SMARTIX Euro iSTOXX 50 Equal Risk and the Lyxor ETF MSCI World Risk Weighted exchange traded funds.

TrimTabs is rolling out the TrimTabs Flow Index for retail investors, based on the flows of U.S. equity exchange-traded funds.

BNY Mellon has formed global collateral services for broker-dealers and institutional investors, headed by Kurt Woetzel, senior executive v.p. and head of global operations and technology.

Interdealer-broker ICAP is reviewing its EBS fx trading platform with an eye to possible changes as it considers dropping the fifth decimal place on its currency quotes and switch to so-called half-pip pricing.

Jefferies has named Steven Latimer as managing director and head of investment banking for Canada. Latimer previously was head of Canadian metal and mining investment banking at Credit Suisse in Toronto.

Derivative regulations have fuel fears among investment firms that the measures could result in a drop in liquidity and a shortage of collateral across derivatives markets, according to a survey by State Street and TABB Group.

Simon Banfield, senior U.K. flow credit salesman for cash and synthetics at BNP Paribas in London, has left the firm.

Shane Edwards, managing director and global head of structuring--investor products and equity derivatives at the Royal Bank of Scotland in Hong Kong, resigned today.

The U.S. Commodity Futures Trading Commission has re-proposed a rule that, if enacted, will expand the kinds of firms eligible for block trading by aggregating client funds. The original rule had a narrower base of firms.

The group of banks and regulators formed by the British Bankers Association to review the Libor after the alleged manipulation of the rate earlier this year are said to be resistant to overhauling it, fearing structural changes could threaten trillions in contracts.

Bank of America has named Diego De Giorgi as co-head of corporate and investment banking in Europe, the Middle East and Africa together with Bob Elfring, the current head of investment banking for northern Europe.