Derivs - People and Markets

The Futures Industry Association’s European Principal Traders Association (FIA EPTA) has chosen a new chairman, promoting Mark Spanbroek to the position.

French markets regulator, Autorité des marchés financiers, has expressed concerns over the supervision of UK clearing houses after Brexit, suggesting that UK home country supervisors may not focus on the stability of the European Union.

BNP Paribas said on Thursday that it had hired Paul Hollingsworth as UK economist.

The FICC Market Standards Board has released its final standard for conduct in new issue hedging, following a consultation launched in October last year.

The European Securities and Markets Authority (ESMA) has encouraged competent authorities to “not prioritise” penalising pension funds as the regulator prepares for a period where the institutions will not be granted an exemption from clearing their derivatives.

Nomura has placed at least 50 employees in EMEA global markets at risk, GlobalCapital understands.

Société Générale on Tuesday announced that it had agreed to buy Commerzbank’s equity markets and commodities business (EMC), including market-making flow and products trading as well as exchange-traded fund (ETF) subsidiary ComStage.

The Derivatives Service Bureau (DSB) has reached out to European trading venues and banks to hash out an acceptable fee model for its regulatory services in a new consultation published on Monday.

UK regulators’ data shows that derivatives users in sterling markets are still writing Libor-linked contracts which last beyond 2021, when the benchmark will no longer count on the Financial Conduct Authority's support.

The ECB outlined how its planned replacement for Euribor, the Ester rate, will work, in a release published on Thursday. The new rate will begin publication from October next year.

Veteran Deutsche Börse executive Jeffrey Tessler has been appointed chairman of derivatives exchange Eurex Frankfurt and clearing division Eurex Clearing.

Barclays has hired from Bank of America Merrill Lynch and also promoted two others to lead the digitisation of its markets business.