Derivs - People and Markets

LCH.Clearnet said its SwapClear unit expects to see a surge in U.S. interest-rate swap clients in the fourth quarter with the finalization of clearing regulations, according to Floyd Converse, head of U.S. sales at SwapClear.

Macquarie Securities has expanded its U.S. equity sales team with the hiring of Michael D’Arcangelo and Robert Moderelli as managing directors.

Mahnaz Safa has left as co-head of debt capital markets for Europe, the Middle East and Africa at UBS to explore opportunities outside the bank.

Morgan Stanley has named Vikas Khattar as head of global capital markets in India.

Lazard has hired Peter Kuo as managing director and head of equity capital markets advisory in Asia.

The National Futures Association has named Jamila Piracci to the new position of v.p. of OTC derivatives.

NYSE Euronext has appointed John Spiegel as v.p. for interest-rate business development.

Not all derivatives on all days are suited to electronic trading, according to interdealer brokers.

Uwe Becker, head of investor solutions for Europe at Barclays Capital in Frankfurt, has left the firm.

The Commodity Futures Trading Commission’s plan setting capital requirements for swap dealers and major swap participants promises to favor the bank holding companies (BHCs) and foreign bank subsidiaries that already dominate the markets, while squeezing out newer entrants, according to Jefferies & Co.

Barclays Capital, Deutsche Bank and JPMorgan Chase are deadlocked as the top investors in U.S. fixed-income trading platforms, each with a market share in institutional trading of 11.5%, according to Greenwich Associates.

The United Arab Emirates’ National Bank of Abu Dhabi has sold CHY10 billion (USD 127 million) in its first offer of Samurai bonds.