Derivs - People and Markets

Morgan Stanley has improved the terms for investors on its core range of structured products as a result of the recent period of volatility, according to Nev Godley, a v.p. at the investment bank.

The Office of the Comptroller of the Currency estimates that the proposed Volcker Rule under the Dodd-Frank Act could saddle U.S. banks with more than USD1 billion in capital and compliance-related costs.

Bank of America has hired Glenn Koh as head of equities derivatives trading for the Americas.

The U.S. Securities and Exchange Commission has appointed Brian Bussey as associate director for derivatives policy and trading Practices in the Division of Trading and Markets.

Nomura Holdings has hired Michael Kurtz as managing director and chief Asia equity strategist.

The U.S. Securities and Exchange Commission has named Peter Curley as associate director for clearance and settlement in its Division of Trading and Markets.

TeraExchange said is preparing to launch in the fourth quarter what it says is one of the first-ever central limit order books for over-the-counter cleared derivatives.

Macquarie Capital is in the process of scaling down its delta-one business in Europe and the U.S. to focus more on the business in Australia and Asia.

LCH.Clearnet has named Daniel Maguire as head of SwapClear U.S.

Numerix has released the latest version of Numerix CrossAsset with enhanced structuring and integration capabilities for over-the-counter derivatives and structured products.

Citigroup has expanded its European over-the-counter derivatives clearing platform with the hiring of Suzanne Hubble.

The board of MF Global has retained Evercore Partners and an unnamed bank to look into a possible sale of the broker-dealer.