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JP Morgan

Between volatility and variance

Banks and investors were hammered on short single-stock variance positions during the financial crisis, leading many dealers to withdraw from the variance swap market. The alternative that some have reverted to is the volatility swap, although this has…

Insurance inroads

Structured product manufacturers have targeted the insurance sector as a potentially important new distribution channel following the collapse in volumes of products sold through retail banks in the Asian region. Ben Marquand finds out if they are…

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