Derivs - People and Markets

UBS has hired Gianluca Passaretta, Calyon’s head of Latin America trading, to oversee LatAm fx and rates derivatives trading.

Deutsche Bank has moved Daniel Swasbrook to New York from London to assume more responsibility in the wake of the departure of David Steck, head of fx sales for hedge funds in the Americas, according to a headhunter.

Nomura has hired Christopher Hughes, an institutional fx sales exec from Bank of America in New York.

The European Commission may require dealers to disclose both the bid/ask spreads on derivatives they are making markets in and the depth of interest from customers in those trades.

Credit Suisse is marketing three-year notes linked to the performance of three in-house indices referencing alternative energy stocks: the CS Global Alternative Energy Index, the CS Global Warming Index and the CS Water Index.

The European Commission has just released an outline of its planned regulation of the over-the-counter derivatives market.

Société Générale has reportedly hired Duan Yang from Standard Chartered, where he was a managing director and head of fixed income sales for China.

BrookView Capital, a New York broker dealer focused on the alternative investments market, went live with an exchange-cleared interest rate swap execution platform last week, and is considering pursuing other over-the-counter asset classes.

Some structurers are preparing structured products for investors bearish on U.S. equities, even as the Dow Jones Industrial Average continues to climb above 10,000. The notes are targeted at private banks and institutional investors, market watchers say, but bearish structured products for retail investors could be next.

Barclays Capital has added to its Tokyo-based credit trading team with the appointment of Tetsuya Ukai and Takahisa Fujiki as a director and v.p., respectively.

Tetsuya Ishikawa, a former director in structured credit and property derivatives sales at Morgan Stanley in London, has joined credit boutique Amias Berman as a sales specialist in asset-backed securities and structured products.

The Chicago Board Options Exchange Volatility Index (VIX) traded as low as 20.98 today, a level not touched since last September. But even as the Dow Jones Industrial Average has climbed to near 10,000, some are wondering whether vol is about to spike back up.