What Volcker Rule Could Mean for JPMorgan’s Big Trades

A London-based trader with JPMorgan Chase has amassed a big position in credit default swaps that is disrupting that part of the derivatives market, according to reports. With the swaps, the trader, Bruno Iksil, is effectively betting that the creditworthiness of a group of companies will improve, not deteriorate. Some hedge funds are said to be taking the opposite stance.

http://dealbook.nytimes.com/2012/04/06/what-volcker-rule-could-mean-for-jpmorgans-big-trades/