Derivs - People and Markets

Steve Seman, an ex-senior equity derivatives trader at Credit Suisse in London, has joined U.K. interdealer broker Forte Securities as a senior broker in its equity derivatives division.

Marcie Ball and David Coloretti, directors of fx hedge fund sales in Asia at Barclays Capital, have left the bank.

Gerald Corrigan, chairman of Goldman Sachs, told European politicians at a public hearing this afternoon that the firm would enter into currency swaps with Greece again, despite recent political furor over the transactions.

Kenneth Hon, the former head of equity derivatives trading at Citigroup in Hong Kong, is set to land at Deutsche Bank in the same role.

U.S. Senator Blanche Lincoln, chairman of the Senate Agriculture Committee, today laid out the main detail of derivatives regulation in the Committee’s planned financial reform bill.

Deutscher Derivate Verband, the German structured products association, has launched a marketing template to be used in E.U. member states in response to the region’s plans to regulate how products are sold to retail investors.

Only 13% of derivatives users have the technology and 10% have the operational workflow in place to begin clearing over-the-counter trades.

Salvatore Di Stasi, global head of corporate equity derivatives at UBS in London, has hired a pair of ex-senior staffers at Goldman Sachs and reportedly intends to add more.

U.S. Senator Judd Gregg (R-NH), a member of the Senate Banking Committee, is about to speak on the floor of the Senate regarding financial regulatory reform. You can watch it here on C-SPAN.

U.S. Senator Judd Gregg (R-N.H.) said earlier today that the final sticking points in an agreement on over-the-counter derivatives reform between himself and Senator Jack Reed (D-R.I.) center on end-user exemptions from clearing and the amount of OTC trades that should go on exchange

The European Commission has sent a discussion paper to corporates and treasury associations detailing a series of options it is reviewing on the subject of end-user clearing exemptions.

European politicians are beginning to push back on U.S. efforts to drive global cooperation on over-the-counter derivatives regulation.