​Daily Bulletin: Monday April 27

With volatility continuing its downward trajectory, we take a look at some innovative ways investors are positioning around the levels. Interest rates, oil and high skew levels on the S&P are all playing their part on strategies this year, while the flip of retail investor back to a net long position on volatilty via ETFs is acting like a bellwether for risk premia strategies. In Asia, we also delve into trading trends on the Kospi this year. The Korean index has been the best performing USD-denominated emerging market benchmark this year, with requests for Kospi2 upside structures escalating in early April.