Societe Generale

Between volatility and variance

Banks and investors were hammered on short single-stock variance positions during the financial crisis, leading many dealers to withdraw from the variance swap market. The alternative that some have reverted to is the volatility swap, although this has…

Brics back in fashion

The debt crisis in Greece has brought volatility to the eurozone and given global markets the jitters. For many private banking accounts the affair has further underlined the attractiveness of emerging markets, where budget deficits are often lower and…

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