Macquarie will take responsibility for market making, provision of loan facilities and risk management of existing Merrill Lynch instalments warrants. "We will provide Merrill Lynch clients with the same high level of service Macquarie Instalments clients enjoy," said Mark Small, division director in Macquarie's warrant business.
The warrants market continues to grow in Australia, with the Australian Stock Exchange (ASX) figures indicating the total value of warrants traded will exceed A$3 billion ($1.6 billion) in calendar year 2002. "We expect the value of Macquarie warrant product traded on the ASX this tear to be 40% higher than last year," added Small.
The week on Risk.net, July 7-13, 2018Receive this by email