Derivs - People and Markets

Credit Suisse and Bank of America saw their share of the prime brokerage market in Asia grow in the past year, while Goldman Sachs and Morgan Stanley recorded a decrease, according to AsiaHedge.

Bursa Malaysia Derivatives has revamped options contracts based on the country’s composite index futures.

The Hong Kong Monetary Authority’s relaxing of its offshore yuan net open position limits will inject greater liquidity into the market and allow institutions to better manage their fx positions.

Commerzbank is looking to expand its emerging markets interest rates derivatives business in London and Asia by adding upto six people over the next year to its current 12 person team.

Barclays Capital has hired Alan McKenzie as a director in its funds and advisory business in New York.

A spokesman for the U.S. Commodity Futures Trading Commission has confirmed that the CFTC has joined other agencies in launching an investigation into JPMorgan Chase’s trades that resulted in derivatives losses.

The U.S. Department of Justice is said to have expanded its antitrust investigation into Markit to other companies in the credit default swap markets.

Sen. Jon Tester (D-Mont.) said Gary Gensler should be fired as chairman of the U.S. Commodity Futures Trading Commission over the agency’s handling of the collapse of MF Global last October.

BGC Partners has added Mark Brown, Jeremy Stoler, N. Dante LaRocca and John Tesoriero, debt and equity capital markets professionals, to its BGC/Newmark Grubb Knight Frank commercial real estate unit.

Bank of America Merrill Lynch has named Alexis de Rosnay as co-head of healthcare investment banking with Joe Kohls.

South Africa’s Standard Bank has named Paul Shang as head of investment banking for corporate and investment banking.

The Depository Trust & Clearing Corp. is expanding into Singapore by establishing its first Asia-focused data centre, ahead of the Monetary Authority of Singapore’s finalized rules on mandatory over-the-counter clearing and data reporting.