“There is not enough liquidity in the Vstoxx to fully hedge the portfolio of large institutional clients, even if partial hedges are possible, but there is enough liquidity to start looking at private banking products.”
“There is not enough liquidity in the Vstoxx to fully hedge the portfolio of large institutional clients, even if partial hedges are possible, but there is enough liquidity to start looking at private banking products.”
—Eric Bensoussan European head of equities structuring at UBS in London, on how there is now enough liquidity to structure private banking structured products on the Vstoxx.
Secondary market selling of private bonds may be wreaking havoc with the primary market for public debt but the trades were still the right thing to do