search query: @indexterm FOREIGN EXCHANGE MARKET / total: 170
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| Author: | Parsley, M. |
| Title: | Exotics enter the mainstream |
| Journal: | Euromoney
1997 : MAR, 3, p. 127-128, 130 |
| Index terms: | DERIVATIVE SECURITIES GEARING FOREIGN EXCHANGE MARKET FINANCIAL STATEMENTS |
| Language: | eng |
| Abstract: | The derivatives markets have reached a new peak of maturity. Trades in unusual currency and asset markets are growing in volume and size. Today the bets are less leveraged but they express views on more exotic currencies and assets using an ever more complex combination of non-vannilla products. The increasing fondness for the exotic has already taken its toll, this time not only on the buyers of the products but also their suppliers. Investors are eager for range products despite higher pricing as a result of lower volatilities and the reduction in the number of banks in the market. These trades were first seen when volatilities were high and corporates were unwilling to pay the consequently hefty premiums for standard option protection. |
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