Equity markets
Reversal of fortunes
Equity-linked notes
What's in an index
Indices
Information derivatives
This paper considers the problem of creating derivatives to provide tailored exposure to volatility risk
The Bonus Pool
Conference report: Germany
Stepping on the brakes
Regulation
A trade for all directions
Cover Story
Banca in blossom
Banca Aletti
Fledgling alternatives
Dexia Private Bank
Accumulated risk
Structured products
Dollar downed
Cover story
Looking to beat the backlog
Special Report: Electronic trading - Trade confirmation
Call selling gains popularity
Fears of recession and increased volatility have led to the return of strategic overwriting strategies – the selling of call options to gain extra yield.
Vix option pricing in a jump-diffusion model
Artur Sepp discusses Vix futures and options and shows that their market prices exhibit positive volatility skew. To better model the market behaviour of the S&P 500 index and its associated volatility skew, he introduces the stochastic dynamics of the…
Information derivatives
Andrei Soklakov considers the problem of creating derivatives to provide tailored exposure to volatility risk. Information theory leads us to a whole class of such products. This class of 'information derivatives' includes the standard volatility…
Product reviews by Future Value Consultants
Product reviews
A retail focus
Retail market
Spain's distributors have their say
Features
Linking to the DJ Stoxx 50
Barclays is offering a five-year income product linked to the DJ Stoxx 50 index - rather than the DJ Eurostoxx 50 - that pays an annual income of 7.25%, or 1.8% per quarter, with a growth option attached
Germany's autocallable kickout
A raft of autocallable kickout products in Germany are exemplified by two deals this month, based on the stock of DaimlerChrysler and SAP. Double-digit coupons are on offer for both, as is the chance of a bonus should the barrier not be breached
Standout strategies
Markets
Product round-up
News
Greek statutes
Greek conference