By John FerryThe first meeting of the Equity Derivatives Market Forum, attended by operations representatives of 17 banks, took place at the end of March at the offices of UBS in London. “In the past we used to have regular lock-in meetings in the interbank market, where we would get together and try to close down outstanding open confirms that we had,” says José-Luis DeJesus, UBS’s London-based executive director in charge of global equity derivatives operations. “The focus of these was always transactional but we felt we needed to bring this onto the next level and start looking ahead at...
