A View on 2007: By Citgroup's Richard Burns
What will 2007 hold for structured products marketers? Continuing our series of thoughts on the subject Structured Products invited Richard Burns, Citigroup's London-based global head of equity derivative structured products & hybrid products, to provide his thoughts on how the markets may play out next year.
The global structured products business continues to experience strong growth, and we expect that trend to continue in 2007. A surge in the number of transactions with smaller average notional sizes is driving this growth. The result is that the industry is adapting to improve transaction processing capabilities and to find ways to reduce deal issuance costs. One factor that dealers have in their favour is that this surge in volume coincides with a reduction in the emphasis on bespoke payoffs as
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