Second-hand values

Sale sign

Transparency has always been a good reason to buy investments on secondary markets, and the financial crisis has merely served to emphasise its importance. With structured products, however, there is such a huge variety of bespoke investments on offer that investors might not know exactly what they are getting. Markets in continental Europe have tackled this obstacle by listing products on exchanges and thereby introducing a degree of homogeneity.

The spike in trading volumes on European

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