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Christopher Listo, Morgan Gaughan and Karen Mayer, multi-asset structured salespeople to the U.S. and Latin America at Dresdner Kleinwort Wasserstein in New York, have all left the firm.

Trading activity on the synthetic commercial mortgage-backed securities index, CMBX, has picked up dramatically in the past month, said Kamilla.

Boston-based loan manager CypressTree Investment Management is looking to add credit-default swaps on loans to its existing leveraged loan funds, but will hold off until the workings of the LCDS contracts are fleshed out.

Players have started shorting the ABX for the first time, prompted by unexpected spread widening and uncertainty surrounding the first roll of the residential mortgage-backed securities index.

The price of protection on high-yield British chemical company Ineos Group blew out more than 20 basis points early last week, after bond holders snapped up protection in reaction to increased volatility in global high-yield markets.

The Street is abuzz with speculation Goldman Sachs has taken a hit on a short equity volatility position since equities started tumbling last month.

The price of credit-default swap protection on Hong Kong telecom giant PCCW more than doubled last week on the back of competing proposals to buy core assets, with a flurry of trades hitting the market.

Derivative houses in India are awaiting accounting rules which should open the door for further market development.

INVESCO has returned to the asset-backed securities market--after a near two-year absence--with its first synthetic deal.

Hawkish talk from the Bank of Japan last week regarding an end to its zero interest-rate policy sent speculative accounts rushing to buy U.S. dollar puts and yen calls.