Trailing expectations

South Korea

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South Korea’s securities firms have sprinted into the country’s equity derivatives markets in the past few months, excited by regulatory changes that have opened up the over-the-counter derivatives market. Eager to target the institutional and retail investor market for the first time, domestic securities houses have begun distributing a wide array of products, ranging from the plain vanilla to the more complex and exotic structures.

But with South Korea’s equity derivatives market sti

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