Derivs - People and Markets
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Commerzbank has appointed Max Jacob as head of dept capital markets bonds solutions.
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UBS has expanded its equity structuring team and created a regional and global heads structure in an effort to expand product offerings and revenue.
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The Securities and Exchange Commission should carve out a safe harbor in its plan to impose new anti-fraud and anti-manipulation requirements on security-based swap transactions, according to the Securities Industry and Financial Markets Association.
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The IntercontinentalExchange has acquired a 12.4% stake in Cetip, a Brazilian clearing firm, in a deal valued at around USD512 million.
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Shareholders of Germany’s Deutsche Boerse have approved a $.97 billion merger of NYSE Euronext.
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The IntercontinentalExchange announced that ICE Trust U.S., its North American credit default swap clearing house, will complete its transition to a derivatives clearing organization regulated by the U.S. Commodity Futures Trading Commission and a securities clearing agency regulated by the U.S. Securities and Exchange Commission as required by the Dodd-Frank Act.
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Investment Technology Group has named Jamie Selway as head of its derivatives business.
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Australia’s JB Global Investment Services is teaming up with investment guru Jim Rogers to launch a capital-protected product linked to the Rogers International Commodities Index.
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Los Angeles-based boutique investment adviser Kayne Anderson Rudnick has hired Douglas Foreman as director of equities.
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Stephane Carty, the ex-head of European proprietary trading at Wachovia in London, and Michael Paterson, a former proprietary trader also at Wachovia, are to launch a global volatility fund.
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Barclays Capital is planning to introduce the Barclays Euro Mid Term Volatility Fund, a UCITS III instrument.