Derivs - People and Markets

Bloomberg’s Fixed Income Trading has launched ALLQ Derivatives, a new platform developed to help institutional investors comply with new regulations on over-the-counter derivatives.

Deutsche Securities Korea is expected to resume trading derivatives in October after its six-month ban imposed by the Financial Services Commission and

Japan’s Financial Services Agency is taking a careful approach to implementing changes to the Financial Instruments and Exchange Act to ensure mandatory clearing of cross-border trades follows developments in Europe and the U.S. closely, according to market officials.

Citigroup has hired Adam Lavis, a senior a single-stock option trader at Barclays Capital in Hong Kong, for a newly created role as a director and head of single-stock volatility trading for Asia-Pacific.

Bank of America is said to have terminated 13 investment bankers in its industrials group.

FX Alliance is planning an initial public offering of up to USD100 million in stock, the proceeds of which will be used to expands its capacity for handling fx derivatives and other market functions related to stricter regulation of the derivatives market.

Markit has filed suit against Zhibo Li and Shiyang Cui, two former employees in Singapore, for allegedly misusing proprietary information to help set up their competing company known as Funadmentrix Pte.

Baird has named David Silver to succeed John Fordham as head of European investment banking in London, effective Jan. 1.

BTIG has expanded its international equities team with the hiring of David Perlin and Marco Frigeri as managing directors.

MF Global has hired Louis Kujis as chief economist for Asia.

State Street is planning to launch the SPDR Barclays Capital Investment Grade Floating Rate ETF.

Cowen Group has launched the Ramius Trading Strategies Managed Futures Fund.