Derivs - People and Markets

Meteor Asset Management has rolled out the Top Ten Kick-Out Plan 6, a structured product tied to the top 10 companies on the FTSE 100 by index weighting.

Nasdaq OMG will begin trading options on its 19 alpha indexes, which track performance of stocks against that of exchange-traded funds, according to Thomas Wittman, president of the options business.

CIBC World Markets has hired Tim Self as a rates strategist on its macro strategy team.

The China Banking Regulatory Commission will likely take a stance on credit derivatives when it writes rules for local compliance with Basel III capital adequacy requirements.

European members of Parliament have moved to exempt fx and real estate businesses from forthcoming over-the-counter derivatives legislation in the E.U.

The U.K. House of Lords E.U. Subcommittee on Economic and Financial Affairs is against a ban on naked short selling and credit default swaps on sovereign bonds.

David Curry is said to have left as head of structured products at Bank of America Merrill Lynch.

Morgan Stanley has introduced four dual-year structured-product plans for the 2010/2011 and the 2011/2012 tax years.

Schroders has hired Mike Hodgson as head of structured products.

The Commodity Futures Trading Commission should not bar general counsel from serving as chief compliance officers of swap execution facilities, the Wholesale Markets Brokers’ Association Americas has urged.

Daniel Goldstein, the ex- head of equity flow sales at BNP Paribas in London, is launching a hedge fund startup called Apson Capital.

Credit default swap spreads on all Asian sectors widened following the devastation from last week’s earthquake and tsunami in Japan, according to Fitch Solutions.