Derivs - People and Markets

Laurent Marquis, the former global head of equity derivatives trading at BNP Paribas in Paris, is set to join JPMorgan as coo of equity derivatives trading in London.

The Singapore’s plan to introduce a cooling-off period for investors in structured products has market participants querying who would assume the risk of that product falling in value over that time period.

Lyxor Asset Management is marketing a capital-guaranteed fund in Hong Kong and Macau that protects investors from a counterparty failure via an equity-linked swap.

UBS has hired a pair of senior equity derivatives traders in Asia

Timothy Freeman, formerly a managing director in equity derivatives sales at Merrill Lynch, has joined volatility trading firm Capstone Global Markets as head of U.S. equity derivatives sales in New York—a new role.

New York post-trade processing and risk management vendor Reval has opened an office in Troisdorf near Frankfurt and, as part of the expansion it has hired Walter Schipper as country manager.

The advent of buysider access to over-the-counter clearing, through dealers acting as derivative clearing members, is expected to create a burgeoning revenue stream for investment banks. Much like a prime broker would step between a customer and another dealer, only DCMs will be able to face off against clearinghouses, facilitating a process known as customer segregation.

Hedge funds lost hundreds of millions of U.S. dollars today on three-month and one-month double-no-touch options purchased during the summer months.

Scotia Capital has hired Chris Kulia, formerly a v.p. in corporate derivatives sales at Credit Suisse, for its corporate derivatives desk in New York.

London-based Gilliat Financial Solutions, the structured products arm of Arbuthnot Banking Group set up last month by former Keydata consultant Adrian Neave, today launched its first structured product.

Jeroen Van Der Ven, a former equity index trader at Bank of America Merrill Lynch in London, has joined Hawaiian hedge fund Evolution Capital Management.

Nomura is planning to expand its emerging markets equity derivatives sales team in London in response to growing demand for structured notes.