Derivs - People and Markets

Steve Seman, a senior equity derivatives trader at Credit Suisse in London, left the firm last week reportedly to set up his own brokerage firm.

Dow Jones Indexes and Brookfield Asset Management are marketing their new Global Infrastructure Composite Yield Index for use in structured products.

Equity and fx derivatives traders and salesmen are in line for a huge increase in bonuses this year, with credit derivatives execs not far behind, according to headhunters.

Laurence Verghese, an equity derivatives trader at CBIC World Markets in London, has joined Royal Bank of Scotland as a senior equity derivatives trader covering single stocks.

The People’s Bank of China is looking to regulate interbank over-the-counter derivatives.

Hedge funds have been buying puts on sterling against the U.S. dollar, brought on by downbeat comments from Mervyn King, governor of the Bank of England, and the spike in option prices on euro/U.S. dollar.

Sen. Maria Cantwell (D-Wash.) proposed a bill yesterday that would repeal the provision of the Commodity Futures Modernization Act of 2000 that exempted over-the-counter derivatives from state gambling and bucket shop laws.

Standard Chartered has hired Colin George, an fx options trader from Bank of America Merrill Lynch, for its Singapore fx desk.

The notional amount of single name and index credit default swaps outstanding globally for the first half of 2009 was USD36 trillion, 14% less than what was recorded for July to Dec. 2008, according to an update from the Bank of International Settlements.

Donal Galvin, global head of client structured products, has resigned from Rabobank in London.

Edward Pailthorpe, a v.p. in equity derivatives single stock trading at Goldman Sachs, is set to join Bank of America Merrill Lynch in a similar position.

The leading contender in Japan for clearing over-the-counter derivatives has suffered a series of setbacks, forcing a progress report that was due in October from the Tokyo Stock Exchange to be pushed back at least two months.