Derivs - People and Markets

The Depository Trust & Clearing Corp. has added a feature to its Trade Information Warehouse that shows a daily breakdown of its aggregated credit default swap contracts by their currency of denomination.

A group of Republican senators this afternoon introduced alternative language for derivatives reform.

UBS and Merrill Lynch are among a slew of firms building out corporate equity derivatives sales teams in Europe to cope with the increasing demand from corporates for collars and volatility and delta-one instruments.

Richard Carson, the former global head of equity derivatives trading and sales at Deutsche Bank in London, is forming an asset management firm.

Macquarie Securities Group has made a series of equity management changes to its Australian business as part of its plans to integrate derivatives into cash equity.

Lukas Klein, the former head of single stock equity derivatives trading at Barclays Capital in London, is reportedly set to join Morgan Stanley.

Royal Bank of Scotland announced that it has hired Gary Davis as a managing director in its credit and rates structuring team in Stamford, Conn.

Dick Lo, head of single stock exotics trading for Asia ex-Japan at Deutsche Bank, left the firm in the last week.

Steve Milke, head of structured products for RBC Capital Markets in New York, has resigned. Separately, the firm recently hired Donald Dye as a managing director in New York.

UBS has reportedly hired Lambda Li from Deutsche Bank in a new equity derivatives structuring slot in Hong Kong.

Hedge fund managers are turning to equity swaps as a way of getting exposure to cash underlyings that now require more reporting to tax authorities around the globe.

Bank of America has hired two senior structured products distribution and structuring executives for Australia and India, respectively.