​Daily Bulletin: Monday Jan. 12

BNP Paribas has begun issuing exchange-traded structured products in Switzerland as it nears completion of integrating the Royal Bank of Scotland’s equity derivatives and structured retail investor products business. BNP said it also plans to grow its listed structured products offerings in the country. We also have news of two key Credit Suisse departures. In the U.S., volumes were stunted today in index trading, despite sharp declines in the major indices on the back of further oil declines. Some investors were taken the oil moves as positive for gold, positioning in the GDX ETF for short term upside exposure via call options.