Charting The Derivatives Markets’ Evolution Reveals Enduring Source Of Alpha – Australia EQD Notes

Benn Eifert, managing partner, QVR Advisors discussed the shift in derivative markets over the last three decades, tracing the move from over-the-counter to on-exchange markets. While some changes in market dynamics are creating an increasingly fragile environment, he said, the alpha opportunities have endured even as buysiders have dealt with the changes by switching to more liquid, transparent products.