Derivs - People and Markets

Macquarie Group has hired Michael McClintock as senior managing director in it New York-based financial institutions group.

Daiwa Securities Group has announced that it will merge Daiwa Securities and Daiwa Securities Capital Markets April 1.

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.

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

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.

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.

Macquarie Group has hired Michael McClintock as senior managing director in it New York-based financial institutions group.

Daiwa Securities Group has announced that it will merge Daiwa Securities and Daiwa Securities Capital Markets April 1.

European corporate credit default swaps trader Robert Purvis has left UBS, reportedly for Citigroup, according to market officials.

Schroder Investment Management expects GBP200 million (USD326 million) from U.K. defined benefit pension schemes to come in over the next couple of months for its new synthetic gilt funds, which were launched last week.

The offshore U.S. dollar/Brazilian real options market will grow and become a liquid and viable market in coming weeks. Foreign dealers and investors playing onshore will be looking for hedging capabilities that avoid the fx derivatives tax announced on Wednesday, according to traders and strategists in Brazil.