​Daily Wrap – Investors Target Eurostoxx 50, IMC Building Warehouse

We report on real money and hedge fund managers entering into downside structures on the Eurostoxx 50, which is contingent on the euro declining against the U.S. dollar. Meanwhile, market maker IMC is building an options warehousing business in Chicago to answer the growing demand among registered investment advisors and a former exotics structured product trader at HSBC in Paris has joined the exotic index trading department at RBC Capital Markets in London.