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Buyside firms have used the latest trade reporting deadline under the European Market Infrastructure Regulation as an opportunity to adopt a more strategic approach to reporting requirements, including the implementation of controls to maintain consistent data submissions.

Simon Winn, ex-head of sales for Asia at 360T, has joined ICAP’s EBS business as head of sales Asia Pacific, based in Hong Kong.

Market participants have been trading downside options on the sterling against the US dollar ahead of Wednesday’s inflation report from the Bank of England.

Derivatives volume pertaining to trades between reporting dealers is critical for market liquidity and the facilitation of client trades as it allows end users to put on risk-reducing and cost-effective hedges, according to a research study from the International Swaps and Derivatives Association.

One leading interdealer broker in London this week bought a €1bn euro call on the euro/Swiss franc exchange rate in anticipation of the Swiss National Bank (SNB) raising the enforced Sfr1.20 ($1.32) floor on the rate to Sfr1.25 in a bid to combat deflation.

Structured products issuers are already looking to use ICAP’s newly launched daily repo index for eurozone sovereign bonds as an underlying for upcoming transactions.

A mid-sized fixed income asset manager-based in New York has been buying three-to-six month swap options on the Markit Credit Default Swap High Yield Index, in a bid to protect against expected higher volatility in the US markets.

Deutsche Bank has executed the first series of renminbi option trades for Mengniu Dairy, as well as other Chinese corporates based onshore, under new regulation from China’s State Administration of Foreign Exchange, which became effective today.

Washington D.C.-based brokerage Matrix Capital Group is looking to launch a capped structured product that will track the Russell 2000 index via exchange-traded options, while using a unit investment trust-sponsored wrapper to help eliminate credit risk.

Lyxor Asset Management has launched two multi-strategy funds, the Lyxor Diversified Fund and the Lyxor Focus Fund which are fully compliant with the Alternative Investment Fund Managers Directive.

Market participants have continued to trade options on the euro against the US dollar, as the currency pair continues to move lower.

Ned Stiker, head of global macro derivatives product marketing for the Americas, at Morgan Stanley in New York, is set to retire after 16 years at the firm.