Derivs - People and Markets

Industrial Bank Co., China Construction Bank and Agricultural Bank of China have joined the onshore renminbi options trading market that kicked off on the first of the month, according to the China Foreign Exchange Trade Center.

Nomura Holdings has named John Adair and Paul Dolan as joint heads of equities for Asia-Pacific.

Speculative commodity derivatives are causing volatility in oil prices, which is leading to continued global economic instability, a high-ranking official from the Reserve Bank of India told the International Monetary and Financial Committee on Friday in Washington, D.C.

European pension schemes may be exempt from derivatives regulations just as corporations will be, according to Kay Swinburne, member of the European Parliament’s Committee on Economic and Monetary Affairs.

Republican members of the House of Representatives plan to introduce legislation that would delay the deadline for regulations from July until December 2012.

Alliance Bernstein has expanded its U.S. equities team with the hiring of Kurt Feuerman as s.v.p. and portfolio manager for U.S. stocks.

Standard & Poor’s has announced that it will expand its volatility products beyond its current U.S. and European markets.

Scotia Capital has named Mike Lay as head of fixed-income syndication.

Brazil’s Banco BTG Pactual has teamed up with Sumitomo Mitsui Banking to develop structured products for corporate clients in Brazil.

An increased level of intrusion by financial service regulators may not necessarily lead to more effective supervision, according to Eraj Shirvani, a board director at the International Swaps and Derivatives Association and head of fixed income for Europe, Middle East and Africa at Credit Suisse.

UBS plans to unify its structured products business in a new group within equities after its acquisition of Luxembourg-headquartered structured products boutique Luxembourg Financial Group.

Morgan Stanley has announced it will launch a pair of UCITS III structured funds for the discretionary market.