Derivs - People and Markets

Credit default swaps trader Jihan Bowes-Little has left UBS in London.

Alain Chanezon, head of equities and fund structured markets exotics trading at Barclays Capital in Hong Kong, resigned last week.

The China Banking Regulatory Commission is considering setting risk capital for derivatives on a firm-by-firm basis.

Creditex has expanded its Creditex RealTime platform and products for trading credit default swaps in North America.

Collateralized loan obligations will likely see upgrades of between one to three notches after Moody’s Investors Service announced a review of criteria used to determining ratings during the crisis.

Morgan Stanley has launched Morgan Stanley Fix, an over-the-counter algorithmic trading product that offers flow-weighted average pricing in currencies.

Jefferies has expanded its global fixed-income business with the hiring of Alix Bernard as a managing director in European credit sales.

Daiwa Capital Markets has named Ali Khan as managing director and head of Asian equity sales.

Mathias Piardon and Frederic Levy, former equity derivatives traders at Dresdner Bank, have formed Noho Capital in Hong Kong and are launching a managed futures Asian hedge fund.

Bank of America Merrill Lynch has hired Regis Loeb, the ex-head of equity flow trading at Barclays Capital in London, as head of index volatility trading, also in London.

Brown Brothers Harriman Foreign Exchange has opened an fx desk in Hong Kong.

JPMorgan Chase dominated the derivatives market in the fourth quarter, holding nearly USD78 trillion, or one-third, of the total USD231 trillion industry, according to a report by the Office of the Comptroller of the Currency.