Derivs - People and Markets

Standard Chartered has completed the expansion of its flow equity derivative desk in Hong Kong with the appointment of three traders. Rajeev Ranjan and Wallace Liu have been hired as single stock traders from Nomura, while Capan Acar is set to join StanChart from Citigroup in Hong Kong.

Igor Arsenin, director of fixed income research and the head of Latin America fixed income strategy at Credit Suisse in New York, resigned last week and is on garden leave.

The U.S. Financial Stability Oversight Council has designated ICE Clear Credit, CME and the Clearing House Payments Co. as systemically important clearinghouses, subject to higher regulation.

JPMorgan Chase increased its investment in credit derivatives eightfold in the first quarter, according to a Federal Reserve report.

Shyam Parekh has left as head of financial institutions group for Europe, the Middle East and Africa at Morgan Stanley, and is expected to join PEAK6 Advisors.

Derivatives analytics provider FINCAD has expanded coverage of its Hedge Accounting Insight service to include commodities, interest rates, and fx Click here to read the release from FINCAD

BGC Partners has appointed Michael Riffice as managing director and head of futures and options for the Americas.

Citigroup has named Sanjay Madgavkar as global head of fx prime brokerage, succeeding Andy Coyne, who resigned last week. Madgavkar has been head of fx margin trading at Citi.

Quentin Fitzsimmons has stepped down as head of government bonds and fx at Threadneedle to take a career break after nine years at the firm.

A Supreme Court Justice has handed down a decision that will allow for the streamlining of litigation over missed swap payments in certain cases.

Asian buysiders have been buying credit default swaps on Germany for the past week as a cheap hedge against turmoil in Europe.

First Trust has filed with the U.S. Securities and Exchange Commission for its First Trust Morningstar Diversified Futures Fund, benchmarked to the performance of the Morningstar Diversified Futures Index, which tracks commodity futures, fx futures and financial futures markets.