Exchange-traded funds (ETFs)

Amex plans new ETF product

The American Stock Exchange (Amex) is working towards providing actively managed exchange-traded funds (ETF) without fully disclosing fund holdings, said Tony Baker, managing director of ETF Marketplace, Amex's ETF division.

Deutsche Börse launches S&P 500 ETF

Deutsche Börse has started trading its first exchange-traded fund (ETF) on the Standard & Poor’s 500 US benchmark index. The so-called iShares S&P 500 ETF is managed by Barclays Global Investors (BGI).

Reconstructing volatility

Options on stock baskets have become a mainstay of the equity derivatives business, but pricing and hedging of such products is highly sensitive to implied volatility and correlation assumptions. Here, Marco Avellaneda, Dash Boyer-Olson, Jérôme Busca and…

Derivatives of increasing importance to ASX

The Australian Stock Exchange (ASX) has seen a 5% drop in net profit for the year to June 30, but revenues from derivatives trading, clearing and settlement rose 15% to $32.5 million, with 46,226 options contracts traded – 20% higher than the 38,519…

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