One Year Ago
The market was buzzing about derivatives referencing Radar Logic’s RPX residential property index, with hedge funds speculating on U.S. home prices and notionals increasing five-fold to USD2 billion from USD400 million in 2007. [Activity slowed a bit in 2009—the notional volume traded year-to-date is around USD1.1 billion. According to Radar Logic CEO Michael Feder, several firms are developing RPX-linked products, such as notes, and he expects that to drive a significant increase in volume in 2010.]
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