Derivs - People and Markets

BMO Capital Markets has expanded its fx practice in New York with the hiring of Steve Santa-Maria and Robert Brichkowski as managing directors.

Ben Rick, the former head of credit proprietary trading for Europe, the Middle East and Africa, at Bank of America Merrill Lynch, has left as a partner at BTG Pactual three months after joining the Brazilian investment bank.

Royal Bank of Scotland has launched what is believed to be the first exchange-traded fund that tracks the performance of commodity trading advisers.

End users are urging the Commodity Futures Trading Commission to exempt inter-affiliate swaps from most if not all Dodd-Frank swap execution and reporting requirements.

Industry professionals are waiting to see whether or how regulators from the Securities and Exchange Commission and Commodity Futures Trading Commission can square two different approaches to planned business conduct rules for swap entities.

The Basel Committee is expected to release additional guidance on the risk capital treatment of initial margin and default fund contributions within the next four weeks.

Craig Donohue, ceo of CME Group, called derivatives that track the price of traditional commodity futures parasitic.

BNP Paribas Securities has joined CME Group as a credit default swap clearing member.

Bank of America Merrill Lynch has hired Michael Terry as global head of capital introductions in its prime brokerage business.

The California Public Employees’ Retirement System has settled its lawsuit against Fitch Ratings over what the pension fund claims were inaccurate ratings on three structured investment vehicles.

CMA DataVision has added quanto spreads for sovereign bonds.

UBS has introduced 12 exchange-traded notes offering exposure to VIX futures contracts.