Derivs - People and Markets

Barclays Capital has cut four equity derivative traders and one equity derivative structurer, including Nicolas Cohen-Addad, the former head of Asia equity derivative trading.

The Commodity Futures Trading Commission should take an expansive view of its new powers to police disruptive trading practices, according to Andrew Lo, professor at the Massachusetts Institute of Technology’s Sloan School of Management.

The National Futures Association has volunteered to gather certain swaps data for the Commodity Futures Trading Commission to use in enforcing position limits on commodity derivatives.

The Markets in Financial Instruments Directive may be changed to include a requirement that all derivatives be traded on organized platforms, bringing European regulation more in line with the U.S.

The International Swaps and Derivatives Association has released two studies highlighting methods to increase transparency in the credit default swap and interest rate swap markets.

The International Swaps and Derivatives Association and the Futures Industry Association have warned against the Commodity Futures Trading Commission’s proposed prohibition and limitation of certain investments for funds held for foreign futures and options transactions.

HSBC has reportedly hired Richard Gallagher as a v.p. in equity derivative flow sales, according to officials familiar with the move.

Zubin Ramdarshan, the ex-head of equity derivatives trading at Macquarie, is set to join Jefferies in a similar position in February.

The U.K. Financial Services Authority said today that it is concerned by the power that front office departments within investment management firms could have in pushing for the introduction of new derivatives, subsequently affecting the risk management processes in place at that firm.

The International Swaps and Derivatives Association has asked the Securities and Exchange Commission to study the markets before implementing ownership limits and quotas for public directors under the Dodd-Frank Act.

New proposals from the Commodity Futures Trading Commission have sparked concerns among top regulators that the agency is drifting away from principles-based regulation.

Landesbank Baden-Württemberg has hired Stuart Lucas as global head of credit trading to replace Ian Claisse, who left in September (DW, 9/27).