Derivs - People and Markets

Hedge funds and corporates were buying calls and puts on the euro this morning, as uncertainty mounted over a Greek rescue package being drawn up in the European Parliament.

The Committee of European Securities Regulators has released plans to extend rules requiring the disclosure of major shareholdings to instruments that have a similar economic effect to owning shares or having entitlements to buy shares.

The Depository Trust & Clearing Corp.’s Trade Information Warehouse for over-the-counter credit derivatives is due to be operated by a new regulated entity called the Warehouse Trust Co.

RBC Capital Markets has hired a pair of fx salesmen from Commerzbank in New York: Vincent Faust, a director, and Matt Novogratz, a v.p.

The soon-to-be created European Supervisory Authority (Securities and Markets) will be responsible for regulating clearing houses under new plans revealed today.

A U.S. court has ruled that senior noteholders in a collateralized debt obligation which suffered an event of default are entitled to be paid both principal and interest before any junior investors are entitled to the interest they are owed.

Stuart Pyott, head of European institutional equity derivatives sales at Citigroup in London, and Vipul Faujdar, a senior equity derivatives flow salesman, have left the firm.

Nomura Securities International is looking for a U.S. strategist to cover interest rates derivatives and volatility as it plots a doubling of its fixed income research headcount in the U.S.

Gregory Hands, a member of the U.K. parliament and shadow minister of Her Majesty’s Treasury, opposes mandatory exchange trading for over-the-counter derivatives.

A landmark court ruling favoring Citigroup and Woori Bank over Korean corporate Soosan Heavy Industries in a dispute over a knock-in knock-out fx trade has unsurprisingly been welcomed by banks

Calyon has hired Nathan Sinclair, an fx prop trader at Standard Chartered, as a director and G10 currency options trader based in Hong Kong.

Illinois state representative Kevin Joyce (D-Chicago) has introduced a bill that would bar the state’s public pension funds from investing with asset managers that use over-the-counter derivatives or from buying OTC derivatives directly.