Free content

Demand for structured credit rated by Standard & Poor's is increasing on the back of its new rating methodology.

The first synthetic collateralized debt obligation to reference A-rated commercial mortgage-backed securities is in the pipeline.

Dexion Capital, a hedge fund consultant, has hit on a way of wrapping funds of funds into the European-passportable retail fund format known as UCITS III.

The Icelandic krona fell 10% against the euro in less than 36 hours last week, prompting a rush to buy up options on the pair.

IXIS Corporate & Investment Bank has hired Claus Hecher, a managing director in equity derivative sales at Bear Stearns in London.

Macquarie Bank has transferred Matthew Long, head of equity derivative sales, from Singapore to Hong Kong, to assume a more regional remit and expand its presence.

Interest-rate trading has jumped in recent weeks in Korea as newer participants including securities houses and hedge funds ramp up activity.

The New Zealand credit derivatives market is likely to pick up dramatically as fund managers look to reinvest cash from a heavy flow of maturing government debt.

Mona Abraham, v.p. and interest-rate swaps marketer at JPMorgan in New York, has left the firm.

--Fergus McDonald, head of bonds and currency at Tyndall Investment Management in Auckland, commenting on the effect of New Zealand government bond issuance drying up.

UBS has restocked its credit desk by hiring Seth Pierpoint, a trader covering energy names, and Mike Cannon, an auto credit trader, to replace Daniel Brereton and Chris Rekow, who left the firm last year (DW, 2/20).