​Daily Bulletin: Wednesday Dec. 10

The decline in the European equity market on Wednesday afternoon combined with the current level of volatility has opened the opportunity to go long the Eurostoxx 50 and short the iTraxx Main. According to BNP’s Pierre-Yves Bretonniere, the firm has been receiving positive feedback from hedge funds on trading the relationship between the two underlyings despite the decline. In the U.S., CBOE has gained exclusive rights to trade options on six MSCI indices. We also have details on Oppenheimer’s plans for expansion. The boutique has hired ex-RBC sales chief Sandeep Bidani and has its sights set on four other potential hires in 2015. BGC’s Jared Woodard also looks into recent options strategies on non-bank systemically important firms.