One Year Ago In Derivatives Week

MacroMarkets, the real estate derivatives company co-founded by Yale University economist Robert Shiller, was working to create the first over-the-counter structured notes linked to the S&P/Case-Shiller residential property index (DW, 10/2). [More notes were readied by the company in December (DW, 12/28), and the property derivatives mart was tipped to pick up in 2010. The market cooled in the second quarter of this year, and has remained quiet since (DW, 8/3).]