Derivs - People and Markets

The Financial Industry Regulatory Authority has given firms an extra hour to process and submit certain instructions on exercising standardized options on the last business day before they expire.

Offshore firms looking to crack Taiwan’s lucrative structured retail market are hustling to clear high regulatory hurdles.

Royal Bank of Scotland has hired Marcile Moulene as an equity derivatives strategist, reporting to Kevin Chang, head of equity derivatives strategy for Asia Pacific, a new role for the firm.

Cecile Houlot, former northern European head of structured finance derivatives at JPMorgan, has joined Morgan Stanley in London as head of European securitization within the global structured solutions group, a new position.

Julius Baer is marketing one-year structured notes linked to a basket of 13 auto sector stocks. That’s despite a number of dealers expecting the sector to come under increasing pressure over the next year as the Chinese economic growth slows and demand weakens.

The move to central clearing could spark the long tail risk hedging market.

The Reserve Bank of India has published a draft report for the introduction of credit default swaps linked to corporate bonds and made clear it is against naked CDS trading.

The Hong Kong Stock Exchange is seeking comments from market participants in Hong Kong regarding the index calculation methodology designed to work with the proposed launch of a volatility index on the Hang Seng Index.

Deutsche Bank has hired Ted Wasserman as managing director and head of equity derivatives flow sales for North America.

Greg Kuppenheimer, head of the equity strategies group focusing on structuring and marketing for institutional clients at Goldman Sachs in New York, left the firm in recent weeks.

HSBC is ramping up its European corporate credit default swap trading operation in London to bring that side of the business in line with its cash trading efforts, according to one senior official with knowledge of the situation.

Munich-based Assenagon Asset Management has launched the Assenagon Global Opportunities Fund, an absolute return fund which uses equity derivatives.