Derivs - People and Markets

Caerus Capital plans to launch an individual savings account with access to all the firm’s funds and structured products later this month.

Gilliat Financial Solutions has rolled out four structured products.

Bank of America Merrill Lynch has expanded its global prime brokerage business with the hiring of Sam Tabar as head of Asia-Pacific capital introduction.

Credit Suisse has appointed Neil Carragher and Steven Pierson as co-heads of investment banking for financial institutions in the Americas.

Nomura has appointed Richard Sherlund as managing director and head of its U.S. technology equity research team.

Charles Schwab has agreed to buy OptionsXpress Holdings in a deal valued at USD1 billion in stock.

Patak Trading Partners said it plans to hire at least a dozen commodity futures traders.

BlackRock has applied to list two new exchange-traded funds in Singapore, the iShares JP Morgan USD Asia Credit Bond Index ETF and the iShares Barclays Capital Asia Local Currency Bond Index ETF.

The recently-enacted safe harbor for close-out netting in the revised Malaysia Deposit Insurance Act (PIDM Act) doesn’t go far enough for major dealers.

The presidency of the Council of the European Union’s has proposed stronger rules segregating assets between central counterparties, clients and other CCPs in the proposed European Market Infrastructure Regulation.

Legg Mason will begin using derivatives on its Global Multi Strategy Bond Fund.

The London Stock Exchange is set to launch its Turquoise Derivatives platform in May.