Deutsche to sell exotic equity derivatives portfolio
Structured trades go on the block following last month's sale of flow and prime broking assets
Deutsche Bank is expected to auction a portfolio of exotic equity derivatives in the coming weeks after offloading flow trades to three winning bidders last month.
“The exotics sale isn’t out yet, but there is some noise that it’s coming in a few weeks,” says a senior structurer at a rival firm.
The structured equity trades were moved to Deutsche Bank’s so-called capital relief unit in July as part of a €288 billion ($316 billion) wind-down of derivatives assets. More than half the unwanted
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