Equity markets
CSRC to ban QFII quota use for China derivatives; ETF providers hit
The CSRC plans to ban derivatives dealers from using QFII quotas to on-sell derivatives mirroring CSI 300 index futures contracts to offshore clients. The move looks set to challenge ETF fund managers when hedging China index-tracking funds.
Dispersion tactics
Dispersion tactics
Curbing dispersion exposure
Dispersion tactics
Turquoise eyes SOLA power for derivatives
LSE officials say they plan to create and list new derivative products, as well as challenge market share in existing contracts on other exchanges
Daiwa moves for Korea derivatives licence and reaffirms Asia expansion drive
Daiwa Capital Markets finalised its purchase of the Asian equity derivatives and global convertible business of KBC today, and reaffirmed its Asian expansion drive with a bid to secure licences in South Korea
Equity correlation and volatility move out of sync
Dealing with a break-up
Barclays Capital’s VXX is bleeding volatility, analysts claim
An upwardly sloping term structure of volatility is dragging on the performance of the popular exchange-traded note.
Morgan Stanley adds SG’s Mehrez to EQD team
Morgan Stanley has continued its recent spate of equity derivatives hires and appointed Selim Mehrez as global head of financial engineering.
Correlations in asynchronous markets
Correlations in asynchronous markets
Global OTC derivatives widely dispersed, Isda survey finds
Five largest US-based dealers hold 37% of total notional, trade association says
Boyle leaves equity derivatives team at Citadel
James Boyle leaves co-head of equity derivatives position at Citadel, to be replaced by Brad Kurtzman
Sponsored statement: Using options to improve portfolio risk/returns
Using options to improve portfolio risk/returns
Sponsored statement: Absa Capital’s equities franchise and equities trading in South Africa
Absa Capital’s equities franchise and equities trading in South Africa
Equity derivatives
Equity derivatives special report
Equity investors struggle with high correlation
Dealing with a break-up
Demand for downside puts keeps skew high
The turn of the skew
Structural changes behind rise in long-dated skew, say dealers
Reduction in risk appetite and regulatory crackdown causing increase in long-dated skew, say equity derivatives dealers
Breaking correlation breaks
Breaking correlation breaks
Asia Risk 15: Asian ascendancy in equity derivatives
The equity derivatives business in Asia has experienced dramatic ups and downs during the past 15 years. But overall growth, particularly for equity structured products, has been phenomenal. Harry Thompson reports
Bank results suffer after May volatility
Short volatility positions contribute to poor equity derivatives results
Equity volatility backlash
Taking a long equity volatility position is a favourite macro hedge for risk managers and traders across asset classes, but the trade doesn’t always work as expected. How has the volatility experienced in May and June affected macro hedging? Joel Clark…
RBS lands BAML structured products sales team
RBS hires four Bank of America Merrill Lynch sales staffers in Hong Kong, including Abhinav Gorawara
Goldman hit by short equity volatility position
Rumours of big losses in Goldman's equity derivatives business are borne out as second-quarter profits drop 83%.
CBOE developing tail event index
A new index based on skew will be unveiled once testing is completed