Derivs - People and Markets
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Credit default swap spreads on Tokyo Electric Power Co. widened 221 basis points to a record 726 bps on reports that the utility will post a record loss as a result of the recent nuclear crisis at Fukushima.
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Lyxor and db x-tracker are leading an effort to form a European association for major providers of exchange-traded funds.
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UBS has hired Li-Won Lim as co-head of Asia fixed income, currencies and commodities for emerging markets trading.
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U.S. regulators need to clarify proposed anti-disruptive trading practices rules to ensure that they are not duplicative with existing laws.
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Jefferies has expanded its global fixed-income team with the addition of Masakazu Kannaka as head of it fixed income sales effort with Japanese corporations, regional institutions and endowments.
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The Commodity Futures Trading Commission should leave it to swap execution facilities and designated contract markets to police for market disruptions barred by the Dodd-Frank Act, according to the Managed Funds Association.
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The Securities and Exchange Commission is still “a ways off” from figuring out what conditions need to be in place to require mandatory trading and clearing of security-based swaps, according to John Ramsay, deputy director of the Division of Trading and Markets.
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The Malaysia Securities Commission is looking to hire three experts to oversee the approval process for investment products, including structured products, with varying levels of experience.
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Arthur Braga, a senior equity exotics and fund derivatives trader at Barclays Capital in London, has joined Goldman Sachs as a Latin American equity derivatives trader in New York.
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ICAP has expressed confidence that European regulators developing derivatives regulations will accept its i-Swap electronic broking platform as a swap execution facility.
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Revenues in the 10 largest investment banks fell 5% in the first quarter to USD52 billion, according to Coalition, the London-based consultancy.