BNP Paribas
Between volatility and variance
Banks and investors were hammered on short single-stock variance positions during the financial crisis, leading many dealers to withdraw from the variance swap market. The alternative that some have reverted to is the volatility swap, although this has…
Trading in the open
The development of the trading market for exchange-traded funds in Europe will depend on improvements in the reporting of off-exchange activity, though the wait for European legislation will be a long one. Further benefits would result from greater…
Now you PRDC them...
Power-reverse dual-currency notes have represented something of a Trojan horse for dealers. The hybrid structures have been popular for more than a decade among a wide range of Japanese investors, from regional banks to pension funds. But now the strain…
Oil price of $70-80/bbl expected in 2010
Oil prices are expected to remain between $70 and $80 per barrel (bbl) this year, according to a consensus of industry experts speaking at the IP Week conference in London.
Signed and sealed?
A lawsuit filed by two major dealers against Bank of America alleges the firm failed in its role as custodian to prevent the loss of $1.7 billion held by a special-purpose entity. What impact could the case have on the future of custodial agreements?…
Goldman Sachs tops Energy Risk/Risk commodity rankings 2010
Goldman Sachs has reclaimed the top spot as best overall energy dealer, in the Energy Risk/Risk commodity rankings 2010, relieving Morgan Stanley of its two-year reign at number one.
Top 50 Global Custody Mandates Survey 2010
Gaining ground, our latest analysis reveals the key findings of the Top 50 Global Custody Mandates 2010 study
Interest rates: direction dilemmas
The final quarter of 2009 saw product creators gripped by uncertainty over which way interest rates were heading. With a steep yield curve making investment in rates products expensive, bankers are seeking the best trade for uncertain times. Will the…
The cream of the crop
The Structured Products Awards for Europe 2009 were presented on November 18 at the Park Plaza Victoria in London by celebrity guest speaker, the comedian Sean Lock. Barclays Capital was named house of the year and Credit Suisse took the award for equity…
