Derivs - People and Markets

David Dimmock, head of fx hedge fund sales at Société Générale in Hong Kong, resigned today.

Ayad Butt, a G10 fx derivative trader at Credit Suisse in Singapore, last week after being with the firm for over five years.

Barclays has introduced a structured-products service that allows financial advisers to customize the instruments to suit clients’ needs.

The Kuwait Stock Exchange said it will launch its new X-stream system May 13 to help trading of financial instruments such as derivatives and Islamic bonds.

Turquoise has tapped the European Multilateral Clearing Facility as a clearing option.

Advisers have increased their usage of exchange traded funds by 10% in the past year from 60% to 66%, according to Cogent Research, noting the latest figures represent a 40% increase from 2007.

BNY Mellon has announced that it has expanded the collateral that futures commission merchants may post at CME Clearing to include corporate bonds, among others, for futures and cleared swaps margins.

NYSE Euronext reported that its global derivatives average daily volume of 8.10 million contracts was 11.5% lower in March than a year earlier.

Bank of America Merrill Lynch has named Rodney Ward to the new role of chairman of Asia-Pacific global corporate and investment banking.

The newly formed Click here to read the release from Raymond James/Morgan Keegan

Standard Life has expanded its fixed-income team with the hiring of Mark Kedar as sterling credit investment director and Felix Freund as European credit investment director.

UBS, Citigroup and Nomura are among banks that have begun expanding their equity derivatives teams as they respond to growing demands for derivatives from hedge fund and institutional investors and eye higher margins.