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Keith Styrcula, v.p. and senior marketer of U.S. equity structured products at JPMorgan in New York, has left the firm to start an independent structured products shop in January.

Lehman Brothers says it has seen strong volumes since it introduced credit-default swaps on preferred securities last February.

Merrill Lynch has re-entered the Taiwan warrants market on the back of regulatory easing.

The price of credit protection on German chemical maker Degussa blew out more than 100 basis points last week on reports its majority stakeholder is considering selling off assets to a private equity firm.

Ronnie Roy, managing diector and head of cash, credit derivatives and exotics trading at Merrill Lynch in Tokyo, is transferring to New York.

Nomura Securities is planning to apply for a securities license in Korea which would allow the firm to trade fixed income derivatives onshore.

The Australia Financial Markets Association is gearing up for a larger range of energy derivative markets in the next year on the back of continued market evolution and expected regulatory changes.

Morgan Stanley and DEPFA BANK are pitching a collateralized debt obligation which references public sector debt.

RBS Principal Investments last week priced one of the first European collateralized debt obligations of asset-backed securities to use the pay-as-you-go CDS settlement template.

SG Corporate and Investment Banking is to launch globally a managed constant proportion portfolio insurance structure.

UBS last week launched a retail equity-linked investment in Hong Kong that incorporates a decreasing call strike feature.

The International Swaps and Derivatives Association is planning to publish an updated version of the pay-as-you-go template it published last June for credit-default swaps on asset-backed securities.