Derivs - People and Markets

Richard Li, a trader in Nomura’s structured credit trading group in Hong Kong, has landed at Barclays Capital.

The Depository Trust and Clearing Corp. has been fielding requests for barrier options to be added to its derivative confirmation platform, Deriv/SERV.

Eurex Clearing is working with the U.S. Depository Trust & Clearing Corporation’s Trade Information Warehouse on a real-time feed that would show cleared derivative positions and how they impact each member’s portfolio.

With reports circulating that the International Monetary Fund is preparing its debut bond offering, Derivatives Week asked some market participants if a market could be developed for default protection on the notes.

Cenario Capital Management, a newly launched asset management firm, plans to use put and call spreads on exchange-traded funds, equity indices and a handful of large single stocks to manage client money.

Guernsey-based asset manager Birch Assets is avoiding derivatives in the two Shariah-compliant funds it has begun marketing to the retail market, since there is little appetite for the instruments among investors.

DZ Bank has hired Jit Yeow Lim in a new role as director and head of sales for its capital markets business in Hong Kong.

Bank of America has given Merrill Lynch clearance to issue its first warrant on the Hong Kong Stock Exchange after four months of stagnation related to their merger.

New Century Alternative Strategies, a mutual fund, is looking to buy buffered notes linked to the iShares MSCI Emerging Markets Index.

Some market participants are expecting greater competition from banks issuing callable bull/bear contracts in Asia.

Royal Bank of Scotland is looking to expand its U.S. structured products business after its merger with ABN Amro is complete in June.

Yannick Mallegol, managing director and head of equity derivative flow sales at Barclays Capital in London, has hired a pair of senior officials for his team and reportedly intends to add more.