Derivatives Theory and Practise
As almost every structured product issued globally is bullish, the flow from retail investors is essentially βlong forward.β This results in banks becoming short forward
December 30, 2024
As almost every structured product issued globally is bullish, the flow from retail investors is essentially βlong forward.β 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 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
Asset managers tend to classify structured products as βalternativesβ. That is rather a classification by default than the consequence of any analysis. They have cash,
Banks and independent software companies offer optimisers / optimizers for structured products It is quite standard now for banks and software providers to offer an
This week, another VIX was launched by CBOE: the VIX1D. it is meant to measure the 1-day volatility of S&P500. The popularity of 0DTE options
Here is a question that divides etiquette specialists and offer gentlemen two options only: be a chivalrous sexist and take the full bill, or be
I started my career at Goldman Sachs in London as an Equity Exotics Trader, trading Index exotics, single stock exotics and dispersion.