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  • The International Swaps and Derivatives Association has hired Davis Polk & Wardwell to spearhead drafting of the upcoming 2010 Equity Derivatives Definitions.
  • Blythe Masters, global head of commodities at JPMorgan, made an innovative proposal at a U.S. congressional hearing on Wednesday that could change the terms of the derivatives reform debate.
  • City headhunters say they are getting calls from Royal Bank of Scotland derivatives sales and trading staffers, who say they will quit in the New Year if they do not receive competitive performance-related bonuses for 2009.
  • CME Group is planning to start a pre-launch program for its credit default swaps clearing platform by Dec. 15, a self-imposed deadline the firm set itself earlier this year.
  • The U.S. Senate Agriculture Committee appeared interested in creating a broad exemption for corporate end-users from new over-the-counter derivatives regulations at a hearing today, with many senators questioning whether all contracts need to be cleared.
  • In congressional testimony today, Pete Axilrod, managing director at the Depository Trust & Clearing Corp., voiced his support for the concept of real-time public reports on OTC derivatives.