Derivs - People and Markets

The OTC Derivatives Regulators' Forum will publish standards setting out trade repository functionality, according to Chris Tsuboi, supervising examiner at the bank.

Filippo Fiori, a senior exotics equity derivatives trader at Goldman Sachs in London, has joined Credit Suisse as a single stock exotics trader, also in London.

RBC Capital Markets has hired Scott Jones, a former senior v.p. in equity derivatives trading at Nomura in London, in a similar position also based in London.

European politicians were at odds Tuesday evening over the ramifications of banning naked credit default swap trading, calling on regulators and the industry to provide more information on the topic before the Parliament moves forward with legislation aimed at short selling and CDS.

The China Banking Regulatory Commission may be loosening its planned restrictive approach to credit derivative trading.

National Association of Financial Market Institutional Investors has not mandated central clearing or banned naked credit derivatives in new Chinese credit derivative guidelines.

Rating agency officials and traders have questioned the European Commission’s idea to use rolling averages of credit default swap spreads or bond prices instead of ratings to define minimum credit quality for portfolios.

The Royal Bank of Scotland has hired Eli Vichman, the ex-head of trading at alternative investment manager RP Capital Group in London, as head of emerging market trading, also in London.

Subdued equity derivatives markets factored into a 23% decline in income in Barclays Capital’s equities and prime services business during the third quarter of 2010, according to an interim management statement from the firm.

An independent study conducted by the International Swaps and Derivatives Association and Atrevida Partners revealed split-second and accurate pricing of interest rate swaps by the dealers involved.

The Securities and Exchange Commission will look at how circuit breakers work in the equity market, before thinking about adopting them in the over-the-counter derivatives markets, according to Chairman Mary Schapiro.

David Bizer, chief administrative officer of Nomura’s wholesale division in London, is reportedly set to leave the firm in the next few weeks.