Credit-default swaps, derivative products, securitized mortgages.
Deutsche Bank prefers to focus on derivative products.
The US alleged the three former Rabobank employees traded in derivative products that referenced yen Libor.
CFDs are derivative products that allow people to gamble on price movements in shares, commodities and currencies without owning them.
There is likely to be an even bigger fight over the proposal to regulate financial derivative products.
They developed exotic derivative products that enabled risks to be sliced and diced in all manner of ways.
Demand for indexes is growing, especially with the proliferation of exchange-traded funds and derivative products based on indexes.
Correspondingly, trading in bonds, foreign exchange and many derivative products is becoming less profitable.
Mr. Mishkin, for instance, said, "I'm actually very, very worried," describing his concerns about derivative products.
As more companies default, ripples will spread through a host of complex derivative products.
After entering equity trading in 1994, NSE overtook BSE several years later, in large part by introducing new derivative products.
