On Monday, October 7, the ๐ฉ๐๐ซ ๐ท๐๐บ๐ฝ๐ฒ๐ฑ ๐ฏ๐ ๐ฏ ๐ฝ๐ผ๐ถ๐ป๐๐, seemingly without cause. However, the reason is purely โtechnicalโ: VIX is short-sighted, only factoring in
As almost every structured product issued globally is bullish, the flow from retail investors is essentially โlong forward.โ This results in banks becoming short forward
The life of an exotic trader often involves selling cheap calls and buying expensive puts. A strategy to make the put more expensive and the
A single-stock exotic trader who sells structured products is essentially in the business of buying puts and worst-of puts on some of the most popular
The rush into Chinese equities has propelled the ๐๐ฎ๐ป๐ด ๐ฆ๐ฒ๐ป๐ด ๐๐ป๐ฑ๐ฒ๐ ๐ฏ๐ +๐ฏ๐ฑ% over the last month! ๐ง๐ต๐ฎ๐ ๐ฟ๐๐๐ต ๐บ๐ฎ๐ป๐ถ๐ณ๐ฒ๐๐๐ ๐ถ๐๐๐ฒ๐น๐ณ ๐ฎ๐น๐๐ผ ๐ถ๐ป ๐๐ต๐ฒ ๐ฑ๐ฒ๐ฟ๐ถ๐๐ฎ๐๐ถ๐๐ฒ๐
The Rising Tide of South Korea’s Structured Products Market In the heart of Asia’s financial innovation, South Korea stands out as a colossal market for
The veteran Exotic traders will remember Citibank scrapping its dividend in 2008. They will also remember Telefonica doing the same in 2012. In 2024 it
In the world of structured products, and as mentionned in a previous post, 2024 will be an extraordinary year in South Korea as 74% of
South Korea is an extremely large market for structured products. A favourite product is the autocall on the worst of HSCEI and other other indices
… a reminder that potential risks can become a reality. According toย The Korea Times, South Korea’s Financial Supervisory Service is getting worried that autocallables were
I started my career at Goldman Sachs in London as an Equity Exotics Trader, trading Index exotics, single stock exotics and dispersion.