Derivs - People and Markets

Regulators are risking fragmenting the global derivatives market by inconsistently applying G20 reforms, according to a new report from the World Federation of Exchanges and Oliver Wyman.

The Australian Securities Exchange has adopted a new algorithm and cost analysis system, which assists market participants in implementing futures trades and measuring execution quality.

Antoine Broquereau has been appointed as head of global markets UK at Société Générale. He has been tasked with concentrating particularly on equity derivatives and structured products, at a time when the bank has been considering how to streamline its global markets activities.

Sara George, who has been involved in some of the most eye-catching financial court cases over recent years, has joined Sidley Austin as a partner in its securities and derivatives enforcement and regulatory practice.

The London Stock Exchange Group’s director of capital markets, Raffaele Jerusalmi, will leave that position, but remain as CEO of Borsa Italiana.

The European Commission and the Monetary Authority of Singapore have agreed to mutually recognise their respective trading venues for derivatives.

Carlo Palombo and Colin Bermingham were sentenced on Monday by a UK court for manipulating Euribor rates during the financial crisis.

The UK's Financial Conduct Authority has permanently banned selling binary options to retail customers.

The UK’s Financial Conduct Authority has hit Goldman Sachs with a £34.3m fine for misreporting transactions.

Singapore Exchange has acquired a 20% stake in electronic foreign exchange trading company BidFX, for $25m.

The US Commodity Futures Trading Commission has amended its margin comparability determination for Japan, further recognising the equivalence of US and Japanese rules on swaps.

Japan’s securities market supervisor has called for Citigroup to be fined for market manipulation of the country’s government bond futures. The trader in question has now left the bank as a result of the episode.