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Latest articles on Markets
Structured products design can be influenced by market conditions: levels of interest rates, dividends and volatility drive the retail and institutional flow. But the flow of structured products can also influence market conditions, mainly volatility and dividends. The below articles will tackle some of those phenomena.
0DTE Options Are Not Lottery Tickets, They Are Worse Than That!
There is more and more noise about the rise of the 0DTE options (zero day to expiry)....
Nestlé, Roche, Novartis : Swiss curse or Swiss blessing?
Being a structurer is a great job: it means coming with payoffs or themes that make sense, that...
Who Does Not like Volatility Laundering?
🏆 Private Equity firms reported 1.6% gains for Q1 2022 in a year where global equities lost 22%...
The VKO Puts Makes Citi Equity Derivatives House Of The Year 2022
🏆 Citi has been named Equity Derivatives House of the year 2023 by Risk.net . In...
𝗧he 𝗛alf 𝗕illion 𝗗ollar 𝗖hinese 𝗗igital
The South Korean Financial Supervisor has issued a warning in a report published recently:...
Will The USA Default ?
The debt ceiling of the USA is not yet the focus of the markets. Nevertheless on 13 January, the...
When Did the 60/40 Portfolio Start Failing?
The year 2022 has been named the year of the failure of the 60/40 portfolio. Indeed Its...
The Dieter’s Paradox: When Adding More Risks Feels Safer
Take a portfolio made 100% of Moderna shares. Take a second portfolio made of Moderna shares and...
What Will Stop The S&P Spot Down/Vol Down Dynamics (resp. up/up)?
One of the main features of the year 2022 is the spot/vol (by strike) dynamics of S&P 500 (see...
Products
Structured Products = Alternative Investments ?
Asset managers tend to classify structured products as “alternatives”. That is rather a classification by default than...
Is Optimising Structured Products Really Optimal ?
Banks and independent software companies offer optimisers / optimizers for structured products It is quite standard...
Structured Product Blues
Yield enhancement products have been the market favourite for years The most actively traded retail structured...
Derivates
Structured Products = Alternative Investments ?
Asset managers tend to classify structured products as “alternatives”. That is rather a classification by default than...
Is Optimising Structured Products Really Optimal ?
Banks and independent software companies offer optimisers / optimizers for structured products It is quite standard...
What To Expect From VIX1D, The New One-Day VIX?
This week, another VIX was launched by CBOE: the VIX1D. it is meant to measure the 1-day volatility of...