Equity options
Bank risk manager of the year: UBS
Risk Awards 2019: Bank heeds lessons of past structured products routs to navigate February volatility
BNPP targets US equities in new tie-up with GTS
French bank says derivatives business will benefit from better prices and liquidity in underlying stocks
Equity vol strategies get defensive
Floored short funding legs and long vega worked in latest US selloff, dealers claim
Nervy Korean autocall investors lean on lizards
After volatility surge, buyers give up coupons for better chance of early redemption
Equity derivatives now biggest consumer of initial margin
Fragmented product set is 1.3% of OTC notional but attracts more margin than rates and forex
Now casting: options traders needed for disaster movie
Gamma deserves share of spotlight in volatility drama
Volatility trap: how gamma roused a market monster
Rates market is exposed to some of the same factors that caused equity volatility to explode in February
Bosses escape blame for options blow-up at Swedish bank
Court rules negligence by former managers and auditor of HQ Bank did not cause 2010 licence withdrawal
Volatility hedgers turn to gamma trades to stem slow ‘bleed’
Nearly $80 billion of gamma trades initiated in March and April as long vega strategies fare badly
Eurex margin flaws claimed in Swedish bank collapse case
CCP failed to properly capture vega, strike and wing risk, expert report claims
Equities slump could favour defensive structured products
Products with defensive strikes allow investors to make gains in falling markets
Dealers trash Section 871(m) reforms
Controversial tax reforms would foist “unworkable” compliance burdens on firms
US tax rules attacked by equity derivatives dealers
Testing criteria for equity-linked products branded a “joke”
Cutting edge introduction: Funding holes in Black-Scholes
HSBC quant builds funding costs and haircuts into Black-Scholes option pricing formula
China margin finance crackdown linked to equity option launch
CSRC looks for stock market stability ahead of country's first equity option launch
China equity options market launch awaits regulatory approval
Shanghai and Shenzhen exchanges ready to start trading
Arcanum profits from volatility with equity index options
But rejects price efficiency of US index options trading
Institutions overtake retail structured product investors as dominant source of Japan equity option flow
The recent rise in Japan’s equity markets have seen macro hedge funds and asset managers overtake the retail structured product investors as the dominant source of flow on Nikkei and Topix options
Risk Japan: Bank of Japan concerned about wrong-way risk on banks’ cross-holdings
Helping banks by purchasing stock will create moral hazard, says Bank of Japan director-general
Liquidation cost: why mark-to-market values are wrong
The cost of liquidation
Equity derivatives house of the year: JP Morgan
Risk awards 2012
Morgan Stanley VolNet index series dynamically goes long volatility
Morgan Stanley VolNet index series dynamically goes long volatility
Equity structuring resurfaces as Japanese investors hunt for yield
Japan has emerged as a fertile market for equity funds and now a structured equity fund has also caught the eye of Japanese investors hungry for yield in a low-interest environment.