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Barclays Capital is establishing an onshore branch in Taiwan in the coming months to tap the growing domestic derivatives market.

Calyon has recently transferred Pascal Avedissian, head of euro exotics trading in Paris, to Tokyo for a newly-created role as head of exotic rates for Japan.

CESR has put the cat among the pigeons with a discussion paper it issued last month, announcing it will rethink the use of hedge fund indices in UCITS III wrappers.

At first glance the delta of a liquid index tranche, whether this be the delta with respect to the underlying index or to each single name, looks like a very straightforward concept.

Deutsche Bank has reorganized its regional global markets business.

The recent downgrade of American International Group and doubts surrounding some MBIA credit derivatives trades are leading to renewed pressure for monoline insurance companies to put collateral behind their trades.

The Regional Greenhouse Gas Initiative, an effort by nine Northeast and Mid-Atlantic states, including the tri-state New York area, to reduce carbon dioxide emissions is developing a cap-and-trade program.

HSBC has hired Scott Sohn, interest rate trader at Citigroup in Seoul, for a similar role.

Hedge fund managers in the U.S. are starting to set up funds to trade greenhouse gases because they think prices for carbon dioxide credits are set to skyrocket.

Peige Katz, v.p. in Banc of America's fund-linked structured products group, and Tim Andrews, an associate in Cadwalader, Wickersham & Taft's derivatives division, have both joined HSBC's hedge fund products team in New York.

The Financial Markets Lawyers Group, sponsored by the Federal Reserve Bank of New York's foreign exchange committee, has published a master forex give-up agreement.