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Synthetic collateralized debt obligation issuance this year far outstripped levels seen in previous years.

Lawyers and dealers preparing a protocol to settle credit-default swaps referenced to bankrupt U.S. power supplier Calpine are at loggerheads over the eligibility of certain bonds to be delivered under a physical-settlement procedure.

Warrants and options retuned to China's stock market late this year after regulators prohibited derivatives trading for nearly a decade.

CIBC World Markets is expanding its equity derivatives business and has hired Lars Sjumarken, former sales pro at BNP Paribas in London, in a new role as head of marketing for Europe and Asia.

Pension funds and other traditional money managers are following the higher-risk players into the credit derivatives market.

Some industry players are working on finding a middle ground between monoline insurers and Street dealers who have been sparring for months over the documentation for credit-default swaps on asset-backed securities.

The pairing of disappointing U.S. inflation data and indications the European Central Bank will raise rates in March led to option buying on the euro/U.S. dollar cross last Thursday.

The structured credit market came on in leaps and bounds in 2005, shrugging off the May correlation trading book losses which had some predicting its demise.

The International Swaps and Derivatives Association is picking up its work in Latin America, in response to a resurgence of interest in the area.

The International Swaps and Derivatives Association has set up a working group to discuss alternatives for loan settlement of credit-default swaps sold by non-bank entities.

Dealers are hoping to have a preliminary draft of amended CDX and iTraxx default settlement documentation ready for the Federal Reserve Bank of New York by year-end or early January.