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Credit derivatives broker Creditex has rolled out online execution platform trades on the iBoxx and TRAC-X indices in the U.S.

Deutsche Bank has hired two Goldman Sachs interest-rate derivatives traders in New York for similar positions.

Dresdner Kleinwort Wasserstein has hired former Merrill Lynch pro Mark Enman to head bond and interest-rate derivatives trading in the U.S. Enman said he is taking on a newly created role in which he is responsible for Treasuries, agencies, interest rate swaps and options.

Jason Megson, a former equity derivatives trader at CDC IXIS North America, has joined Banc of America Securities in a similar role.

Christopher Cloke-Brown, director and head of credit portfolio strategy at Dresdner Kleinwort Wasserstein in London, recommended investors in the senior tranches of CDOs add some high-spread reference entities to their CDOs to boost yield. He explained that the tranches below will take the hit if these names default and the senior tranches will still be safe. "The subordination is like the crumple zone of a car," he explained.

Equity derivatives houses are considering launcing structured products referenced to baskets of emerging markets shares, following last quarter's demand for single country emerging market instruments.

This is the first of two articles that set out to demystify emissions trading.

Freshfields Bruckhaus Deringer has won the International Financial Law Review's Securitization Team of the Year award.

For many years, the high volatility of foreign exchange markets has made them attractive to speculators.

U.S.-based monoline Financial Security Assurance expects to sell protection on synthetic collateralized debt obligations backed by high-yield securities this year as deals referenced to investment grade assets continue to suffer from tight spreads.

Credit-default swap spreads on Japanese banks tightened significantly in brisk trading last week on the back of improving sentiment on the economy.

Marks & Spencer, a U.K. retailer, plans to continually assess a recent GBP400 million (USD738 million) fixed-rate issue, with a view to entering an interest rate swap.