VIX Gains OTC Following

The appeal of over-the-counter options on the VIX volatility index is picking up, in spite of the launch of exchange-traded options on the index in February.

  • 19 May 2006
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The appeal of over-the-counter options on the VIX volatility index is picking up, in spite of the launch of exchange-traded options on the index in February. Equity volatility trading across the board has seen renewed interest since the U.S. rate rise stirred up markets, reported traders, but the popularity of OTC VIX contracts--which many expected to slacken off--has surprised some desks.

Demand seems to be coming mostly from hedge funds who want to take VIX positions anonymously, explained one New York hedge fund salesman. But customization of contracts in terms of maturity and strike, as well as the possibility of better margins, may also be behind the appeal, he added.

Traders, however, noted variance swaps are still by far the most popular method of buying or selling implied volatility. While Goldman Sachs--which was behind the methodology of the revamped VIX index--and a handful of other firms are actively making markets in VIX instruments, other houses are still on the sidelines.

  • 19 May 2006

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Mar 2017
1 JPMorgan 94,925.33 384 8.39%
2 Citi 87,531.58 331 7.74%
3 Bank of America Merrill Lynch 84,341.49 288 7.46%
4 Barclays 75,288.19 241 6.66%
5 Goldman Sachs 68,504.71 208 6.06%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Mar 2017
1 Bank of America Merrill Lynch 10,650.87 23 11.13%
2 Deutsche Bank 8,169.49 17 8.53%
3 HSBC 6,243.46 23 6.52%
4 Citi 4,355.35 13 4.55%
5 SG Corporate & Investment Banking 4,273.37 17 4.46%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Mar 2017
1 JPMorgan 6,305.34 22 10.84%
2 Deutsche Bank 4,468.97 23 7.68%
3 UBS 4,270.64 20 7.34%
4 Citi 3,833.33 28 6.59%
5 Goldman Sachs 3,788.75 20 6.51%