Economic positions
Although the market for economic derivatives is still in an embryonic state, one US bank, Wells Fargo, is already looking at launching structured products linked to them. John Ferry reports
Wells Fargo hopes to develop and sell to US retail investors structured notes linked to economic derivatives, according to its San Francisco-based head of derivatives trading, Gordy Holterman. He says the bank is currently in talks with California-based Hedge Street, the economic derivatives trading platform which launched in October 2004, to see how it can become an intermediary in economic outcomes.
Hedge Street markets itself as the US's first financial market that enables online retail
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