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Benny Yau, v.p. and credit-default swap trader with Credit Suisse First Boston in New York, is set to join Barclays Capital in the same role.

Barclays Capital has hired Javier Martin, equity derivative flow salesman at SG Corporate & Investment Banking in Madrid, in a similar role.

Barclays Capital in New York has doubled the size of its collateralized debt obligation team with the hire of seven staffers from Credit Suisse First Boston.

Traditional risk measures such as value at risk (VaR) and expected shortfall (ES) have serious limitations and their use can lead to undesirable outcomes.

Investors across the board bought up shorter-dated U.S. dollar calls last week as the greenback gained against the euro, buoyed by a positive report from Federal Reserve chairman Alan Greenspan.

Bank of America recently obtained an onshore credit derivatives license in Taiwan which it will use to market local currency credit products.

Cairn Capital, a London-based asset manager with USD14 billion under management, is considering investing in collateralized debt obligations referenced to synthetic asset-backed securities.

Dawnay Day Quantum, the structured products division of U.K. broker Dawnay, Day, will launch a fund this fall with regulatory approval to invest in derivatives.

Spreads widened on auto parts supplier Delphi Corp. last week as protection was snapped up after General Motors Corp., a major Delphi client, released poor second-quarter financial results.

The boom in longer-dated structured credit transactions has spilled into the credit-default swap arena with a greater number of seven-year vanilla flow trades.

Deutsche Bank's Adrian Barford and David Sarcas, senior equity derivative traders in Hong Kong, have recently left the firm. Reasons for the departure could not be ascertained by press time.