1.   Although there was little growth in revenues derived from U.S. fixed income trading, profits from trading equity derivatives and Japanese bonds soared.

2.   Before joining Merrill, he was a managing director and co-head of global equity derivatives and convertible trading at Credit Suisse First Boston.

3.   Before joining Merrill, he was a managing director and head of global equity derivatives and convertible trading at Credit Suisse First Boston.

4.   A niche in Eastern Europe has been carved out with an equity derivative designed for both big and small deutsche-mark-based investors.

5.   Equity derivatives, currencies and commodities trading increased.

6.   He said he relished the opportunity to work in equity derivatives after having spent most of his career in the fixed-income arena.

7.   He will report to Jeremy Isaacs, managing director and chief of global equity derivatives.

8.   Higher revenues from trading bonds, interest rate and currency swaps and equity derivatives were partly offset by lower revenues from trading U.S. stocks.

9.   Isaacs comes to Lehman after seven years at Goldman focusing on equity derivatives and structured products.

10.   It was the first such equity index derivative for an emerging market to be traded in Chicago.