Derivs - People and Markets

Credit Suisse has hired Gang Hu as global head of inflation trading in London, a new position.

The Securities and Exchange Commission is working on updated guidance on how the Investment Company Act applies to derivatives.

IntercontinentalExchange said it could boost its market share in part on the strength of increased fx hedging by major banks in its U.S. dollar index.

Samsung Securities will launch its prime brokerage in January after South Korea’s Financial Services Commission amended its laws to allow large brokerage firms to provide corporate financing for the first time.

Citigroup has named Steve Yang to the new position of head of credit sales for Greater China.

Fidessa Group and FINCAD have entered an agreement under which Fidessa has integrated FINCAD’s derivatives pricing library into its sell-side trading platforms.

Morgan Stanley has appointed W. Grant Gregory Jr. as head of its banks team within its financial institutions group.

Barclays Capital has tapped Rafael Carillio as managing director and head of its financial institutions group for Southeast Asia.

RBC Capital Markets has hired Steve Feinstein to lead its corporate derivatives marketing team in New York.

The Securities and Exchange Commission has signaled that it plans to keep a close eye on how firms handle retail structured product sales as the market for the securities bounces back.

Sunil Hirani, founder of Creditex who sold the company to InterContinental Exchange, is said to be starting a new venture that will move the interest-rate swap business from telephone to computer screen.

BNP Paribas got a boost from derivatives and structured products in the second quarter, while earnings across other business lines fell 23%.