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The Jefferies Group hired Patrick Neal as head of derivatives strategy in its equities division in New York.
He had been managing director and head of derivatives sales and structuring for North America at the Bank of America, San Francisco.
Later, as head of derivatives for Crédit Lyonnais Rouse, she was responsible for overseeing a similar electronic-trading overhaul that included dismissing 30percentt of the staff.
As Mike McCudden, head of derivatives at Interactive Investor, put it: "Equities enjoyed a bounce after Chinese PMI data disappointed and triggered a fresh round of stimulus chatter".
Mike McCudden, head of derivatives at stockbroker Interactive Investor, commented: The general consensus is that an agreement will be reached to smooth over the cracks but once again highlight the increasing discord amongst the member states and the IMF.
Mike McCudden, head of derivatives at stockbroker Interactive Investor, said traders remained alarmed by the Greek situation: Euro zone ministers failed to agree last night on the next loan tranche for Greece, pushing it even closer to a default.
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"Nomura filed egregious derivative claims against the estate that grossly overstate actual damages," Daniel Ehrman, the Lehman estate's co-head of derivatives, said in a statement.
The recent promotion of Raffaele Jerusalmi, from head of the derivatives and fixed income business to director of capital markets (which includes both derivatives and equity) certainly raises the possibility that derivatives and fixed income will be given increasing focus by the group.
Mr. Sandelman, 44, was global head of equity derivatives at Salomon Brothers before joining the Bank of America in 1998.
Ms. Furse's background as an investment banker -- she resigned last September as head of the derivatives division of Credit Lyonnais -- clearly found favor among investors.
She is a guide and translator for travelers to China, and he is the head of stock derivatives trading there for Deutsche Bank, the investment bank.
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