US distributor of the year
Incapital has been a leader in taking US retail back towards non-principal protected structured products, making its headway with a constant maturity swap trade issued by Societe Generale
A $10.75 million trade in November tied to the constant maturity swap (CMS) curve and an index of US small caps finally helped Incapital convince the broker-dealer community to take the plunge into non-principal-protected structured products, according to Deryk Rhodes, Boca Raton-based executive director at Incapital. "We finally broke down the wall we'd been banging on for years," he says.
The Societe Generale-issued paper, which comes due in 2029, was not among the biggest money-raisers of the
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