Derivs - People and Markets

Trading of derivatives linked to California municipal bonds is dominated by six firms, including Goldman Sachs, Morgan Stanley, Barclays Capital and JPMorgan Chase, according to disclosures to the state treasurer.

Credit index trader Tosin Buraimoh has left Société Générale in London for Barclays Capital.

Ian Donaldson, managing director and head of developed market rates distribution for Asia Pacific at Bank of America Merrill Lynch in Hong Kong, is relocating to London where he will become head of Europe, Middle East and Africa rates sales, according to an internal memo seen by Derivatives Week.

The excessive tightening of subordinated credit default swaps compared to senior CDS should drop off as concerns over new Solvency II-compliant debt ease, according to researchers at Barclays Capital in London.

Anuj Thakur, a credit index and options trader at HSBC in London, has left the firm.

Earlier this month, Reporter Mike Kentz spoke to Robert Pickel, executive vice chairman of the International Swaps and Derivatives Association in New York, in the final installment of our series of interviews on swap execution facilities and derivatives regulation.

The Royal Bank of Scotland plans to launch its electronic structured products platform in the U.S. and to expand its structured products sales and e-commerce team in the country.

Balaji Thiruvengadasamy and Alex Lee, both v.p.s in equity derivative structuring at Barclays Capital in Hong Kong, have left the firm, according to an official familiar with the moves.

The U.S. Commodity Futures Trading Commission plans to unveil its proposed definition of swaps under the Dodd-Frank Act on April 27.

CME Group has announced that it will launch cash-settled sovereign yield dpread futures beginning May 22.

Citigroup has promoted Mike Pringle to the new position of head of global equities trading. Pringle has been head of equities for Europe, Middle East and Africa since 2009.

F&C Investments has hired Nabil Owadally as a derivatives fund manager in its investment solutions business.