​Daily Bulletin: Monday Jan. 26

We released another data preview today as part of EQD’s ongoing research from major buyside participants. BNP Paribas, Morgan Stanley and Société Générale are the top counterparties for lite exotics, while Bank of America Merrill Lynch, Citigroup, Deutsche Bank and Goldman Sachs are the top ranked counterparties for S&P500 short-term options. Meanwhile in flow, volume was soft today in the U.S., likely due to the blizzard settling over the East Coast. XLF and SPY saw some put buying, while WMB saw some call action, however the volume was modest. We also report on the departure of industry veteran David Goerz from Alberta Investment Management, while in Asia Hedge funds are considering six-month timer outperformance calls on HSCEI ETF over A50 Tracker in an effort to play the “normalization” of the premium in A-shares over H-shares. Our latest commentary also comes from Derivaguard’s Don Dale. He says a new equity volatility market regime has established itself since Jan. 2. To our East Coast readers, travel safe during the blizzard. And Happy Australia Day to those reading us in the Great Southern Land!