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A pickup in the U.S. dollar against the euro last week prompted a euro put-buying rush from exposed corporates.

Two equity derivative flow traders, Silvan Herriger and Joergen Jaehnig, have left Deutsche Bank in London.

Equity derivative players in Asia are starting to see a shift away from popular constant proportion portfolio insurance structures due to concerns of market corrections in the region.

Morgan Stanley has structured a portfolio of deep out-of-the-money equity put options on North American corporates which offers investors a high return, providing most stocks remain above a barrier and the corporates remain solvent.

Dealers plan to meet later this month for a fresh round of discussions on the development of a European synthetic ABS index, which will comprise CDS on ABS underlying, seen as vital for market evolution.

Innovative ways of wrapping the first-loss piece of synthetic collateralized debt obligations are emerging as dealers race to tailor value-rich equity structures to investors' specific credit views.

Buy- and sell-side players in the European synthetic asset-backed securities market met at The Bond Market Association offices in London last week for the European Securitization Forum's workshop on CDS of ABS.

JPMorgan has hired Xin Fu, v.p. at Swiss Re in Hong Kong, for a similar role marketing credit derivatives in Hong Kong.

ING Wholesale Banking's Edwin Bernard, Asian head of equity derivative product structuring in Singapore, left the firm last week, according to ING officials.

JPMorgan in New York has hired two CDX tranche traders: Kent Sinmaz from Deutsche Bank and Vikrant Yadav from HSBC.