​Daily Wrap - SPX Skew Selling; BlueCrest Hires Trader; Derivs Boost BAML Revenues

In today’s coverage, we report on investors entering into trades that sell S&P 500 skew following the Greece debt deal with creditors on Monday that saw volatility in the index reverse. In earnings, Bank of America Merrill Lynch saw equities revenue in sales and trading of its global market division improve 13% in Q2, 2015, compared to the same period last year, driven by stronger performance in derivatives and increased client activity in Asia Pacific.Also, in People & Firms, BlueCrest has hired an ex-equity quant trader at Citigroup in London, in a similar role, also in London. EQDerivatives has launched the platform for its Equity & Volatility Derivatives 2015 Project – ‘The Market Mapped By The Key Buysiders & Investors.’ We encourage buysiders to head to the platform by clicking on the following link: https://qaz1.az1.qualtrics.com/SE/?SID=SV_2l65SyLXpeajpNb.