Traders See Index Arb Play In Hong Kong

  • 14 May 2001
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Equity derivatives traders in Hong Kong and Japan are prepping index arb trades to take advantage of a rebalancing of the Hang Seng Index, which is set to occur June 1. While some of the trades are filtering through the over-the-counter market, most of action has been in exchange-traded instruments, such as warrants.

In typical transactions, traders have been taking long positions in China Unicom and MTR, which will be added to the index, and shorting SmarTone and First Pacific, which will be removed. Another trader noted that the Hong Kong Tracker Fund will have to enter these positions. "It's an obvious trade," noted one equity derivatives trader.

  • 14 May 2001

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 60,274.44 194 8.13%
2 JPMorgan 59,428.00 214 8.02%
3 Barclays 51,688.09 168 6.97%
4 Bank of America Merrill Lynch 42,506.65 151 5.74%
5 HSBC 40,145.65 182 5.42%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 6,160.68 5 15.90%
2 Deutsche Bank 3,400.72 4 8.77%
3 Commerzbank Group 2,532.05 5 6.53%
4 Citi 2,513.95 6 6.49%
5 BNP Paribas 1,742.18 7 4.49%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UBS 998.25 3 13.32%
2 Citi 693.55 2 9.26%
3 Morgan Stanley 572.72 3 7.64%
4 Bank of America Merrill Lynch 509.34 3 6.80%
5 Jefferies LLC 409.89 4 5.47%