Free content

FX options traders pulled back on short-dated euro/U.S. dollar option positions Thursday, after the European Central Bank surprised the market with a pause in its interest-rate tightening.

A host of buy-side, sell-side and regulatory officials gathered at the Great Eastern Hotel in London on Tuesday for Fitch Ratings' Global Credit Derivatives Conference 2006.

Mutual fund valuation policies suggest only just over a third of them have methods in place for fair valuing derivatives.

General Motors Corp.'s deal to sell a majority stake in General Motors Acceptance Corp. briefly had the tightening effect on credit-default swaps spreads traders expected, but it didn't last long.

HSBC is preparing to boost its Asian equity business with a new senior hire based in the region.

Mike Camacho, formerly co-head with Adam Green of North American structured investments marketing in New York, has been promoted to head of the group.

Lehman Brothers has reorganized its senior European equity officials, as part of its drive to build business on the continent.

CDO managers must be tiered to ensure unwary investors do not suffer major losses when the credit cycle turns.

Adam Clayton, managing director in structured credit at Merrill Lynch in London, has quit the firm.

Merrill Lynch has hired a top collateralized debt obligation team from BNP Paribas in Tokyo in a bid to boost its presence in the Japanese market.