Indosuez in equity derivatives reorganisation

Credit Agricole Indosuez’s equity arm, CAI Equities, plans to introduce a single trading platform as part of its plans to integrate its global trading and derivatives operations. As a result, the firm's WI Carr Securities Asian derivatives team will fully integrate with CAI Equities’ European operations, said a senior bank official. The move follows the restructuring of WI Carr’s Asian operations, which resulted in the loss of over 300 jobs ( see - Indosuez Asian derivatives team unaffected by cuts) .

By integrating with CAI Cheuvreux, the European operating arm of CAI Equities, the bank expects to systematically capture trading opportunities and derivatives sales opportunities in Asia much more significantly, Hong Kong-based chief executive of Indosuez WI Carr Securities, Regis Monfront, told RiskNews.

As part of the integration, risk limits have been increased in Asia by head-office. “The trading limits of Asia are now part of global limits worldwide,” said Monfront.

The first phase of the