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  • ICE Clear Europe is planning to begin clearing credit default swaps for buysiders in the first quarter of 2011.
  • Maxim Group has hired Eymen Errais as managing director and head of structured credit sales and trading.
  • The U.K. Financial Services Authority said today that it is concerned by the power that front office departments within investment management firms could have in pushing for the introduction of new derivatives, subsequently affecting the risk management processes in place at that firm.
  • Credit Suisse has sold USD969,000 in two-year callable Cert PLUS securities linked to the S&P 500. The product provides a 150% upside participation rate and a knock-in level approximately 30% below the initial level.
  • The volume of maturing synthetic collateralized debt obligations and their hedges is expected to soar over the next four years as deals generated at the peak of the market roll off.
  • The International Swaps and Derivatives Association has asked the Securities and Exchange Commission to study the markets before implementing ownership limits and quotas for public directors under the Dodd-Frank Act.