Structured products
CEBS out with liquidity risk CP part two
Daily news headlines
Merrill, UBS and SG score highest in Thomson Reuters Extel survey
Merrill Lynch, SG and UBS scored best in the Derivatives and Convertible for Europe conducted by Thomson Extel for the year before June 2008. The leading pan-European brokerage firm for equity and equity-linked research was UBS, followed by Merrill, with…
Calyon chooses Caplin Trader
Calyon, the investment banking arm of Credit Agricole, has selected Caplin Trader as the basis for its new online single-dealer portal for fixed income trading. The trading system, developed by technology vendor Caplin Systems, is intended to complement…
Deutsche Bank offers commodity-linked ETN exposure
Deutsche Bank and Invesco Powershares have launched eight exchange traded notes (ETNs) on the Arca platform of the New York Stock Exchange. Four will be linked to the performance of industrial metals, while the remaining notes will track crude oil price…
HSBC makes 10 with new ETN issue
HSBC USA has launched its first exchange-traded note (ETN), bringing the total number of issuers in the US market to 10. The bank’s Elements ETN will be linked to the performance of the total return version of S&P’s Commodity Trends Indicator (CTI).
Lehman launches Enhanced Returns plan issue 5
Lehman Brothers has unveiled the fifth issue of its Enhanced Returns plan, which offers the highest rates in the series so far. The plan, which is 100% capital protected, is linked to the FTSE 100 index and provides two investment options: a fixed return…
Barclays optimises Eastern Europe exposure
Barclays Wealth has added a new option offering Eastern European exposure to its Emerging Markets Optimiser product. The original product, launched at the end of January, was linked to the performance of the iShares MSCI Emerging Markets Index exchange…
ETF Securities launches 66 short and leveraged ETCs on Deutsche Börse
ETF Securities has launched 66 short and leveraged exchange-traded commodities (ETCs) on Deutsche Börse Xetra, creating a world first for listed access to a platform of short and leveraged commodity indexes via ETCs. The 33 short and 33 leveraged ETCs…
Nasdaq OMX launches Mid-East and North Africa index
Index provider Nasdaq OMX has launched the Nasdaq OMX Middle East North Africa index which is designed to provide exposure to the largest and most liquid companies domiciled in the Mena region. ETF provider Powershares Capital Management will launch an…
TechHackers launches structured products suite
Technology vendor TechHackers in New York has launched a Structured Products Suite to its @nalyst Excel Spreadsheet Add-Ins. The vendor is a subsidiary of fixed income electronic trading platform and software provider BondDesk.
CI launches ScotiaBank note series in Canada
CI investments has kicked off a new series of fund-linked notes for Canadian investors. The Bank of Nova Scotia – CI 2X Deposit Notes offer principal protection twinned with leveraged exposure to an income and growth fund.
S&P offers Asian thematics
Index provider Standard & Poor’s has launched three new thematic indexes for Asian markets: the S&P Asia Infrastructure, Water, and Alternative Energy indexes. The indexes launched are the first in the Asian Thematic Index Series and are designed to…
SEC formally proposes credit rating agency conduct rule reforms
Daily news headlines
Evidence of risk tolerance returning, says BIS
After the turmoil of the past year, there are tentative signs that investor appetite for risk is coming back, according to the findings of the Bank for International Settlements’ (BIS) latest Quarterly Review.
Société Générale CIB adds in equity derivatives
Arié Boleslawski has joined Société Générale Corporate & Investment Banking as head of the exiotic trading desk for equity indexes and funds in Europe, and Selim Mehrez has joined as head of pricing and new products for equity derivatives in Europe.
NDFA launches trio of plans
NDFA has launched three structured products designed to offer income, enhanced growth or capital security. The Regular Fixed Income Plan June ’08 is linked to the FTSE 100 index and offers a fixed annual income of 7% per year, or the option of 0.57%…
Stoxx to launch dividend points calculation product
Stoxx will launch the Dow Jones euro stoxx 50 DVP (Dividend Points), its first official calculation product that provides pure dividend data of the DJ euro stoxx 50 index, on June 16.
Ambac, MBIA finally succumb to S&P downgrade, Moody's to follow suit
Beleaguered monoline insurers Ambac and MBIA have lost their Standard & Poor's (S&P) AAA ratings, just a day after Moody's placed both firms under review as a precursor to downgrade action of its own.
Macquarie adds to infrastructure index series
Macquarie has launched its Emerging Markets Infrastructure and Development Index (Memidi), which tracks the rise in infrastructure spending due to demand from urbanites in emerging markets economies by reference to the performance of the 50 largest…
Arc offers potential 19% with latest kick out
Arc Capital and Income has launched its latest kick-out product offering investors a potential 19% coupon after one year. The Arc Stepped Kick Out Plan 5 gives investors the choice of two different risk profiles depending on the underlying stock indexes,…
ING offers Middle East exposure; launches reverse exchangeable note in Brazil
ING Bank has launched a Middle East Access Note which provides exposure to four funds focused on the Middle East. The bank has also launched a USD Worst Of Barrier Reverse Exchangeable Note linked to three Brazilian shares.
BNP Paribas offers Conquistador 20 to French investors
BNP Paribas has launched a new collective investment trust (fonds communs de placement) targeted at cautious French retail investors who want equity exposure. Conquistador 20 is linked to a basket of twenty Euro zone shares, with a capital guarantee at…