​Wednesday, June 24 – Euro Funds Want Local VXX; Scotia Building Out Structured Notes

Fund managers in Europe are calling for the development of listed dividend derivative products on the S&P 500 and an exchange-traded fund, similar to the VXX. Hybrid OTC, listed products are also being pitched as something that would be beneficial for volatility trading. In the U.S., call spread trading in Oklahoma-based energy producer Williams Companies is looking to stay an active strategy over the coming months as the firm grapples with an aggressive takeover bid. The stock has a gigantic 200,000 of open call spread contracts, which have largely been rolling for about a year since an acquisition looked to be on the table. In the people and firm’s section, Gary Nathanson, director – Americas investors solutions at Deutsche Bank in New York, has joined Scotia Bank in a bid to rebuild the firm’s U.S. retail structured notes distribution platform.