Derivs - People and Markets

Tradeweb, the London-based online fixed-income and derivatives trading platform, has added European high-yield bonds to its European credit platform.

Deutsche Bank has promoted Jon Hitchon to head of Markets Clearing, its new clearing service.

Imposing central clearing and exchange trading requirements on the foreign exchange swaps and forwards market might actually increase, rather than decrease, systemic risk, according to the Investment Company Institute.

Since early 2010 and when the term “PIIG” entered the daily financial language, there has been significant interest in the debt exposure of the major banks to the ongoing European periphery concerns.

U.S. Federal Reserve Chairman Ben Bernanke’s speech this week came as a poignant reminder that the Fed, whilst looking towards the future and how to begin the task of unwinding its easy monetary policy, is still in a wait-and-see mode.

Credit Suisse has named Joss Fisher as head of equity syndicate for Asia ex-Japan.

State Street Global Advisers has named Bill Street global head of fixed income alpha strategies.

Wells Fargo has agreed to join LCH.Clearnet’s SwapClear over-the-counter interest-rate swap clearing service.

JPMorgan Chase has added to Asian derivatives with the hiring of Kazuma Naito and Ken Kishimoto.

Eurex Clearing is about to offer segregated accounts for clients of clearinghouse members for over-the-counter derivatives, the first central counterparty to do so.

Foreign currency collateral held against over-the-counter derivatives transactions should be exempt from a new levy on non-deposit foreign currency liabilities in South Korea, according to a letter from the International Swaps and Derivatives Association.

Japanese financial regulators are leaning towards requiring domestic institutions to clear yen-denominated interest rate swaps through an onshore clearinghouse.