Digital options
Market snapshot
Market snapshot
HSBC goes for digital growth on the DJIA
Buffered performance
Cutting Edge introduction: requiem for a probabilist
Requiem for a probabilist
Being particular about calibration
Following previous work on the calibration of multi-factor local stochastic volatility models to market smiles, Julien Guyon and Pierre Henry-Labordère show how to calibrate exactly any such model. Their approach, based on McKean’s particle method,…
Structured product investors hit by sharp fall in Japanese equities
Investors have likely taken hits on legacy structured trades, though bankers say it is too early to judge the full impact of the Friday earthquake on the Japanese structured equity market. There are some signs, however, that investors might already be…
Market snapshot
Market snapshot
Review: Incapital digital growth plan
Going digital
Trade of the month: Digital payoffs
Digital options lead to two outcomes and are most commonly used with capital protected structured products.
Morgan Stanley Jump
Morgan Stanley has issued Jump Securities, a structured products based on the performance of a basket composed of the iShares MSCI Emerging Markets Index Fund and the Dow Jones Eurostoxx 50. Principal is not protected and the upside above the target…