Derivs - People and Markets

Industry executives are pushing for transparency, including prioritizing the creation of data repositories, and tiered implementation for the swaps rules of the Dodd-Frank Act.

Nine of the 61 positions the Hong Kong Securities and Futures Commission hopes to add this fiscal year will be focused on structured products or derivatives, according to a budget presented to the Hong Kong Legislative Council on Monday morning.

Barclays Capital in New York has lost three staffers from its interest rate derivatives sales group and one emerging markets derivatives trader, all moving to Bank of America Merrill Lynch.

­Societe Generale has hired Mark Landis to assume a new position as head of fixed income and currencies sales in New York.

ICAP Securities will close its property derivatives division and no longer participate in the property derivatives market from April 1.

Nomura International has hired Khushal Thakur as a trader in London focusing on Iberian financial credits, primarily credit default swaps.

Pierre Rousseau, global head of equities and commodities derivatives and ceo of BNP Paribas Securities Asia in Hong Kong, speaks to Derivatives Week on the firm's plans to expand in equity derivatives and structured products in the region.

Simon Leung, a v.p. in warrants trading at Citigroup in Hong Kong, has left the firm.

Azentus Capital, the new firm launched by Goldman Sachs prop-trading star Morgan Sze, has made eight more hires off of the Goldman proprietary trading desk, according to filings with the Hong Kong Securities and Futures Commission.

UBS has hired Denis MacCarthy as head of global synthetic equities sales in London in a new role. He reports to Ricardo Honneger, global head of synthetic equities based in London.

BNP Paribas Corporate & Investment Banking has launched the IFSL Harewood U.S. Enhanced Income Fund, which targets exposure to American equities through derivatives.

The National Futures Association has hired Edward Dasso, most recently of the InterContinental Exchange, to head up surveillance of swap execution facilities.