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Laurent Ichard, director and head of equity derivative sales to hedge funds in London, has left Barclays Capital.

Jon Orseck, managing director in the equity financial products group at Bank of America in New York, has left the firm.

Nikko Citigroup has recruited market veteran Tony Kay, head of credit derivatives trading at Bank of America in Tokyo, for a senior trading role according to market officials.

Pressure from regulators and the looming likelihood of a big auto default is giving momentum to a credit-default swap cash settlement draft.

Credit-default swaps on tranches of collateralized debt obligations referencing asset-backed securities are expected to grow strongly.

The high population and savings rates and the opening of its markets this year made China the focus for many delegates.

Funds trading credit derivatives in the region have been gaining momentum in recent months on the back of the more developed market.

The commercial mortgage-backed securities index, which started trading March 7, has so far produced disappointing results.

Deutsche Bank is the latest firm on the Street struggling to please and hold on to senior staffers after merging its equity and debt derivatives.

Fitch Ratings is testing and planning soon to launch a service providing market risk pricing and analysis for synthetic collateralized debt obligations.

Deutsche Bank has poached two derivative marketers from Citigroup to meet increased demand for business in the Nordic region.

Emerging market option trading outstripped volumes traded on G7 currencies last week after a jump in volatility across central European currencies raised player interest.