Structured Products House of the Year: Deutsche Bank

Bank comes up with innovative products despite directionless markets

Energy Risk Awards 2014

Commodities, like equities, tend to be less volatile than their option prices imply. That drives up implied volatility relative to realised volatility - a phenomenon that has been widely exploited in structured products linked to popular stock market indexes. But in 2013, Deutsche Bank decided to apply the idea to Brent crude oil, coming up with the DB Brent Short Volatility Index. In a directionless oil market, the product has proven popular. More generally, with most com