Derivs - People and Markets

Three new requests were put to the International Swaps and Derivatives Association’s Credit Derivatives Determination Committee yesterday as market participants that chose not to rebook trades in the wake of old succession events sought advice on their contracts.

Investment management firm Blue Bell Private Wealth Management is buying structured notes with varying maturities on the Standard & Poor’s 500 and using them to create a ladder effect in client portfolios.

The International Swaps and Derivatives Association is working on a set of protocols for dealers and buysiders to use when facing margin call disputes.

BNP Paribas is recommending hedge funds and institutional investors buy a one-year at-the-money put on the euro/U.S. dollar struck at USD1.45, coupled with a partial knock-in call at the same strike to be executed during the first five months of the trade.

Kai Seeger, managing director and European head of cash and credit default swap flow trading at Barclays Capital in London, left the bank last week and is set to join BNP Paribas as a managing director in CDS flow trading.

Noreddine Sebti, Deutsche Bank's global head of equity trading and equity markets in Asia, has left the firm

The International Swaps and Derivatives Association is readying documentation to support options and swaps on the Standard & Poor’s BRIC 40 index, made up of the largest and most liquid stocks in Brazil, Russia, India and China.

Synthetic prime brokerage—where a user enters into a derivative (frequently referred to as a portfolio swap) with a bank to get synthetic access to a range of asset classes—is finding favor among investors.

Pierre Cox, a v.p in equity derivative sales at Barclays Capital in New York, joined RBC Capital Markets Monday in a new director of equity derivative sales slot.

Lawyers in Hong Kong expect a number of collateral disputes on derivative contracts to end up in litigation.

Barclays Capital has hired Luke Lu as a trader for its proprietary trading desk focused on structured products.

Credit default swaps on the bank holding companies involved in the U.S. government’s stress tests did not widen as news reports of their capital shortfalls began leaking out this afternoon.