Derivs - People and Markets

Richard Handler, ceo of Jefferies, has sent a six-page letter to shareholders to set the record straight on “half-truths, false rumors and lies” about the firm that he said were being disseminated “with malice by a group whose interests are absolutely opposed to yours and ours.”

Nasdaq OMX has launched Genium Risk, a new risk management platform for Nasdaq OMX Clearing.

The Volcker rule is likely to hit managing directors the hardest in terms of pay cuts and lost jobs, according to Brad Hintz, an analyst at Sanford C. Bernstein.

Bloomberg has introduced a price discovery platform for equity linked notes market in Asia.

CLS Bank International, a major settlement system for the fx market, is said to be running stress tests in the event the euro breaks up.

Mizuho Securities has expanded its fixed income business with the hiring of Christophe Savornin and David Grundy as directors.

Kepler Capital Markets has hired Nicolas Miara-Godet as head of investment solutions, the firm’s new structured product business.

Morgan Stanley has appointed Mark Burmeister as its first head of global capital markets for Australia.

Credit Suisse has appointed Brian Yoon to succeed Carsten Stoehr as head of fixed income for Asia-Pacific, effective Dec. 1.

Omgeo, a post-trade solutions firm based in Boston, has hired Ted Leveroni as executive director of derivatives strategy and external relations.

The Monetary Authority of Singapore is preparing to unveil legislation in the next few weeks that will contain rules for mandatory clearing and reporting of standardized over-the-counter derivatives, according to lawyers in Hong Kong and Singapore.

James Giddens, the trustee handling the liquidation for MF Global Holdings, says about USD1.2 billion in client money may be missing, twice as much as originally estimated.