Derivs - People and Markets

The International Islamic Financial Market and the International Swaps and Derivatives Association have developed a standard Islamic confirmation template for profit rate swaps.

The House of Representatives is expected to vote on two bipartisan bills aimed at easing regulatory requirements related to derivatives.

Goldman Sachs, Morgan Stanley, JPMorgan Chase and Deutsche Bank are among the top prime brokerages that have said they are raising trading fees they charge their hedge fund clients, so to pay for increased costs of funding.

Deutsche Bank and PineBridge Investments have announced that their Chinese fund ventures, Harvest Fund Management and Huatai-PineBridge Fund, have received regulatory approval from China to launch the country’s first exchange-traded funds that track the CSI300 Index of the nation’s 300 largest listed companies.

The U.S. Financial Industry Regulatory Authority has fined Octeg, broker dealer arm of Getco, USD450,000 for failure to adequately supervise equities trading, following an examination of the firm’s activates by Nasdaq OMX Group earlier this month.

HSBC Securities has debuted sub-custody and clearing services to cross-border banks and broker dealers through its HSBC Trinkaus unit in Germany.

Goldman Sachs has begun offering a leveraged return note based on a basket of 20 U.S. stocks.

Gaby Abdelnour is stepping down as ceo of JPMorgan’s Asia-Pacific business after 14 years with the investment bank.

Gaby Abdelnour is stepping down as ceo of JPMorgan’s Asia-Pacific business after 14 years with the investment bank.

JPMorgan Chase has appointed Lou Lebedin global head of prime brokerage, a position he has been filling on an interim basis since 2008 when the investment bank acquired Bear Stearns.

Oppenheimer & Co. has expanded its equities options desk by hiring Ralph Ercole, Randall Hughes and Scott Fullman in New York.

Bryn Meredith-Foster, a senior yen options trader at Barclays Capital in Singapore, has resigned.