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Singapore banking giant DBS is preparing to launch credit-default swap option trading on Asian names due to growing interest.

Matthew Kerfoot and Phil Chan, v.p.s in fund-linked structuring at Credit Suisse in New York, have left the firm.

Deutsche Bank has recruited Sheree Ma, executive director and head of asset derivatives marketing at UBS in Hong Kong, for a new role, according to market officials.

Dresdner Kleinwort Wasserstein has seen a pair of equity derivative trading departures in London: Youssef Benomar, prop equity trader, and Vittorio De Angelis, single-stock trader.

Samuel Koh, former Asian head of domestic derivatives trading at HSBC in Hong Kong, has resurfaced in a senior role at Singapore's Pacific Asset Management.

Volatility selling dominated fx trading last week, in the run up to the Easter holiday.

Structured interest-rate products for the retail market have been taking off in Korea as clients are pulling back from equity-linked deals.

--Brett Clancy, director in credit structuring at IXIS Corporate & Investment Banking in Tokyo, on the potential knock-on effect of an accounting change to Japan's collateralized debt obligation market.

Credit houses in Japan are preparing for a wave of collateralized debt obligation transactions because of an unexpected easing of planned rules on valuing CDO holdings.

Steve Ricciardi, managing director in credit derivative sales at Lehman Brothers in New York, has left the firm.