Derivs - People and Markets

Scott Weiner, an ex-head of equity derivatives and quantitative strategy at Deutsche Bank, has joined VelocityShares, the exchange-traded products provider, as a managing director and head of quantitative strategy.

New regulations governing over-the-counter derivatives in the Dodd-Frank Act may hit buy-side participants’ harder than their sell-side counterparts, according to Celent.

UBS is said to have made redundant five senior commodity derivatives executives, including three group heads.

The European Union is said to be preparing to issue a statement of objection to the proposed merger of Deutsche Bank and NYSE Euronext over its impact on derivatives and equities.

BlackRock said it supports tougher regulations for exchange-traded funds, including higher disclosure standards and stricter, more uniform rules.

Analytics provider Quantifi has hired Dr. Dmitry Pugachevsky as director of research.

Moelis & Co. named David Cheyne as vice chairman of investment banking for Europe, the Middle East and Africa.

The U.K. Financial Services Authority today released a consultation paper on changes it plans to make to guidance on what financial resources recognized exchanges and clearinghouses should have.

CME Group and the International Derivative Clearing Group have switched to using the relevant overnight index swap (OIS) rate instead of Libor for revaluing their swap portfolios.

The Markit iTraxx Financial Index of senior debt of 25 European banks and insurers widened to a record 567 basis points after reports that lenders may have to absorb bigger losses from their exposure to Greek debt, according to JPMorgan Chase.

CME Group has launched an interest-rate futures market modeled after one run by NYSE Euronext.

UBS said a modest net profit in the third quarter effectively cancels out a USD2.3 billion loss revealed last month as the result of unauthorized trading activity.