Structured products
NDFA releases latest Twin Option Kick Out plan
NDFA has launched the latest version of its Twin Option Kick Out Plan June ’08, with a choice of two investment options. The FTSE 100-linked product potentially yields 10.5% per year, while the product linked to the FTSE 100 and Nikkei 225 indexes offers…
CEBS out with liquidity risk CP part two
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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.