Derivs - People and Markets

Barclays said it will cut 3,000 jobs after Barclays Capital reported a 27% decline in pre-tax investment-banking profits.

Wells Fargo Securities has enhanced its equity sales and trading capabilities with the creation of a new program trading desk in New York and four new hires.

Bank of America has named Artur Kozieja as head of investment banking for Central and Eastern Europe.

RBC Dominion Securities has appointed Frederic Lainé as head of fixed income and fx for Asia ex-Japan.

Blayrock Robert Van has hired Alan Jones as a senior v.p. to expand the investment bank’s fixed-income business.

Farhang Mehregani, Citigroup’s head of equities of cash and derivatives trading and sales for Central and Eastern Europe, the Middle East and Africa, has left the firm.

Bank of America Merrill Lynch has promoted Henry Mulholland to head of equities for the Americas, overseeing derivatives, based in New York.

CME Group and the Mexican Derivatives Exchange have launched their north-to-south order routing agreement.

BATS Europe has launch Preferred Interoperable Clearing, offering trading participants the choice of a preferred clearer from three interoperating clearing counterparties.

Taiwan’s Financial Supervisory Commission has tapped Gretai Securities Markets, the exchange and interest-rate and bond derivatives exchange, to set up an over-the-counter trade repository for all asset classes.

Many central clearing houses are still be testing what is known as the portability of trading positions—a mechanism whereby members could move their trades to another clearing house in the event the one it is using fails.

Bank of America Merrill Lynch has named Peter Johnson as managing director and head of global futures and over-the-counter clearing.