Derivs - People and Markets

Crédit Agricole CIB has hired Nikhil Kochhar, an ex-senior fx options trader at Barclays Capital, as an emerging market fx options correlation trader based in London.

The credit markets have been focused on the state of the Irish financial system for some time, but more increasingly in the last few weeks.

Clearinghouses may fall under the purview of the new U.S. systemic risk council, which will be charged with deciding which institutions are systemically important.

The National Futures Association and the Commodity Futures Trading Commission are in talks about giving the Chicago-based self-regulatory organization oversight of swap execution facilities, or SEFs.

Two former Goldman Sachs staffers are working to launch the first equity derivative swap execution facility, called eDeriv.

The state of Alaska is asking that states and government bodies within them be allowed to invest in private placements, including structured notes.

Regulators need to resist the temptation to alter a clearinghouse system that has worked well until now, said panelists discussing the challenges for the clearing world at the Swiss Futures and Options Association’s 31st Bürgenstock meeting in Interlaken, Switzerland.

Deutscher Derivate Verband, the structured products association of Germany, will release additional disclosure templates for structured products in the next couple of months.

The City of London, which accounts for 43% of the value of over-the-counter derivatives traded globally, is losing out on attracting financial services startups due to industry fears over the outcome of regulation aimed at derivatives and short selling.

E.U. regulators and structured product players traded salvos over the need for more disclosure in the sector.

Standard Chartered has hired five senior traders for its Middle Eastern and North African fixed income, currencies and commodities team.

The gross outstanding notional of over-the-counter interest rate derivatives jumped from USD449.202 trillion as of June 30 to USD465.163 trillion as of July 31.