Derivs - People and Markets

Morgan Stanley sold USD838 million of structured notes tied to interest rates in August and September, its highest two-month total since last October.

Morgan Keegan has appointed Laca Wong-Hammond to its healthcare investment banking group as head of real estate.

The Commodity Futures Trading Commission and Securities and Exchange Commission should do their best to align U.S. swaps regulations with those of overseas jurisdictions to avoid market disruption, according to MarkitSERV CEO Jeff Gooch.

UBS has admitted that it failed to take action once it uncovered evidence of authorized trading, which led to losses of USD2.3 billion at the Swiss bank.

LCH.Clearnet has become the latest clearinghouse to accept gold as collateral to back over-the-counter derivatives transactions.

Deutsche Bank and NYSE Euronext may have to make concessions to quell concerns by the European Union that their merger may monopolize the derivatives market, according to attorneys.

UBS Investment Bank has its ETRACS Monthly 2xLeveraged ISE Cloud Computing TR Index ETN.

Gilliat Financial Solutions has rolled out is Annual Kick Out-October 2011, which is linked to the performance of the FTSE100 and S&P500.

MarkitSERV has launched a trade-date clearing service for inter-dealer credit default swap trades through its trade matching and routing service in close to real time.

Derrick Herndon, head of European flow credit at UBS in London, has left the firm.

iShares, the exchange-traded funds provider managed by BlackRock, has proposed tougher transparency and disclosure requirements in ETF products, including best practices related to swaps and counterparty exposure.

Niraj Gudka, coo of global equities at UBS, has resigned and seven officials have been suspended.