Derivs - Equity

Nomura and Source, an exchange-traded fund provider, have launched the Voltage Short-Term Source ETF, which gives institutional investors exposure to volatility that is more aligned to the spot of the VIX.

BNP Paribas plans to merge its electronic foreign exchange trading platforms, Cortex FX and OTC eTrader, within the next three-six months. Doing so will allow investors to trade all fx options and structured products on one platform.

Despite a relatively forgiving start to the year, the dynamics of the Eurostoxx50 volatility surface have focused significantly on tail-risk.

The U.S. Financial Industry Regulatory Authority will not intervene in the retail structured products market by banning specific structures that it feels are complex.

Bank Vontobel will launch its electronic structured product platform in Singapore later this year as part of its effort to expand its structured product business outside of Switzerland and Germany.

The Hong Kong Exchange should share its information technology systems and trading expertise with China-based bourses looking to develop their equity derivatives markets, according to speakers at a recent industry conference.

New York Portfolio Clearing has named Alexander Broderick as its next ceo, replacing Walter Lukken, who left in February to head the Futures Industry Association.

Introducing an identifier that would determine whether a UCITS exchange-traded fund is synthetic or physical would mislead investors, according to a letter from the Joint Associations Committee on Retail Structured Products to the European Securities and Markets Authority.

Banco Santander is developing an electronic platform in Europe that will allow investors to trade structured products. The firm is also considering a partnership with a third party distributor.

Volumes in dual range accrual issuances, considered relatively exotic by some, are taking a hit this year even though the current market environment is primed for such structures, according to market officials.

Nomura has hired Jason Osier, most recently a portfolio manager at Plural Investments in New York, to run its single stock derivatives trading desk, also in New York.

ICAP, the interdealer broker, has launched a tradable platform for delta one and equity derivatives, the first of its kind, according to market officials.