Icap expands property derivatives business into Asia-Pacific
27 Mar 2008, Pamela Tang, Risk magazine
Icap said there is increasing demand for these instruments from the interbank community, hedge fund managers, asset allocators and property-related industry groups globally. The broker already offers such services in Europe and the US.
“The need for derivatives-based structured solutions is highlighted by the recent dislocation and volatility in global markets and the scarcity of effective risk-mitigation tools for property-sector participants,” said Paul Rostas, head of property derivatives at Icap.