​Daily Wrap – Single Stock Plays, RBC Hires In NYC

In today’s coverage, single stock plays are back as oil cracks USD50 a barrel. With the VIX getting crushed and gold falling off a cliff, single stock strategies around earnings could be the only vol traders see this summer. In the listed markets today, Xerox and energy producer Calpine saw hefty volume. In the people and firms section, Jean Saade, an ex-equity derivatives trader at HSBC in New York, has joined RBC Capital Markets in a similar position, also in New York.