New products, new buyers
The equity derivatives markets have been a source of innovation, competition and growth over the past few years, and the pace of development continues to accelerate. On the following pages, leading equity derivatives specialists at four of the major global houses – BNP Paribas, Deutsche Bank, JP Morgan and Société Générale – look at some of the new products that have come to the market, and how the universe of potential buyers of equity derivatives is continuing to grow
Beyond traditional dispersion
Traditional dispersion trades, while still popular, have significant drawbacks, according to Sofiène Haj-Taieb (right) of Société Générale. Combining dispersion trading with a position on smile could be the way forward
IN THE EQUITY DERIVATIVES WORLD , correlation has proved an increasingly popular strategy over the past few years. While there are several ways to trade this strategy, the most widely used is index dispersion trades. Recently, new approaches to this
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