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Derivatives shops are increasingly trading gap risk notes, which pay investors a spread over LIBOR in return for a one-off payment if the equity market crashes.

ABN AMRO plans to boost its presence in the Asian derivatives markets and has created a new regional position to further that goal.

BNP Paribas has hired Mike Heraty, a corporate equity derivatives marketer at Deutsche Bank, has joined as a director in the firm's strategic equity team in New York.

China's domestic stock market--also known as the A-share market--has been trading around its multi-year low of late.

The Chicago Board Options Exchange plans to list cash-settled options on implied volatility and variance.

Japan's Daiwa Securities SMBC is closing its first global synthetic collateralized debt obligation.

Deutsche Bank and Ambac are at loggerheads over the monoline's refusal to pay the bank over USD8 million in a portfolio credit-default swap trade.

The reauthorization of the Commodity Futures Trading Commission started last week and market players expect the regulator's jurisdiction over the OTC derivatives market to be a hot topic.

Stephane Junod, senior exotic equity derivatives structurer at Deutsche Bank in London, has left the bank.

Traders were buying short-dated euro puts/U.S. dollar calls last week in anticipation of strong U.S. employment figures being released Friday, after DW went to press.

The Indian minister of finance used his budget speech last week to praise the over-the-counter derivatives market for mitigating risk and promise a law, which will strengthen the status of the instruments.