Market snapshot

Tim Mortimer of Future Value Consultants looks at the pricing issues for structured products in different markets and provides his trade of the month

By notional amount issued in the US, Barclays remained the biggest issuer of structured products in October (see chart). For the third month in a row, the UK bank was followed by Bank of America and Goldman Sachs. Barclays’ stock in trade remained the reverse convertible, a structure that accounted for 95 of the 105 Barclays products listed in the month. Of the money invested in Barclays’ products, reverse convertibles accounted for 78% of the total. Bank of America and Goldman di