Equity derivatives
Japan insurers look to hedge out legacy VA positions
Rise in equity markets makes it less costly for insurers to de-risk
Cross-currency basis causes pricing headache for dealers in Japan
Yen and dollar funding discrepancies hit Nikkei options market
Korea clearing structure in question after HanMag trading error
Korea trading snafu casts doubt on KRX's default fund structure
Launch of India Vix futures driven by institutional investor demand
National Stock Exchange of India about to launch the fourth Asian equity volatility index this week
Plunging Nikkei brings $40m vega losses to Japan dealers
Losses manageable now but if the Nikkei goes under 13,000, "there will be panic"
Dealers reassess Korea ELS market as equity risk builds up
Equity-linked underlyings moving to Euro Stoxx 50
Risk awards 2014: HSBC wins top house
The UK bank wins for the growing ambition of its OTC capabilities, as Risk publishes its fifteenth annual awards
Equity derivatives house of the year: Morgan Stanley
Equity derivatives house of the year: Morgan Stanley
Crédit Agricole transfers equity derivatives portfolio to BNP Paribas
'Normal service’ to resume in January 2014 following the transfer of the €12.5 billion portfolio to BNP Paribas
Equity Derivatives House of the Year – Credit Suisse
Asia Risk awards 2013 winner: Credit Suisse – Equity Derivatives House of the Year
Rand volatility jolts South Africa's quanto stock futures market
Currency controls in South Africa limit the ability of domestic investors to build stakes in big overseas companies. Listed quanto futures are one way round that, but the users remain exposed to currency risk – so some banks are now pushing an options…
Smile in the low moments
Smile in the low moments
Citi loses pan-Asian head of equity derivative and convertible sales
Nick Smith appointed as replacement
Japan dealers pitch volatility swap trade to keep up with demand for Topix options
Institutions are creating demand for Topix options, outweighing supply
Demand for Topix options gives dealers hedging headache
Institutional demand for Topix options outweighs supply and is creating basis risk for dealers hedging their positions
‘No panic’ as Nikkei volatility spikes, dealers say
Traders say no sign of short volatility hedging after Nikkei 225 plunges
Credit Suisse appoints Brian Chan as head of Asia-Pacific equity derivative sales
Chan is named as Min Park's replacement at the Swiss bank
Credit Suisse’s head of Asia equity derivatives sales retires
Min Park, regional head of equity derivatives and convertibles sales, is retiring from his role at Credit Suisse
Volatility structurers turn to FX and rates as equity disappoints
The volatility merry-go-round
Rabobank pulls plug on equity derivatives business
Bank has not decided whether to sell its book to other dealers
NZX to launch equity derivatives market
New Zealand Stock Exchange to launch equity derivatives to meet demand for hedging instruments
Viva Las Vega: Japan banks take advantage of volatility play
Viva Las Vega!
Uridashi losses put at $500 million after Nikkei rebounds
When the Nikkei slumped last May, banks were forced to sell volatility to protect positions built up through the sale of uridashi products – leaving many with losses. A rally in the index at the end of the year inflicted further pain. In total, the…
Citi loses Asia structured products head as restructure rolls on
Harold Kim mulling other opportunities at the bank