A return to vanilla
Dealers polled by FX Week said client interest is shifting from exotic structures, such as structured products, to simpler, more transparent, easy-to-price products. Dealers say a shift to plain vanilla structures is likely to be the main theme next year, as investors seek to recover the losses they incurred due to exposures through exotic options.
"Time has shown that exotic options are difficult to play in volatile markets," said Martin Wiedmann, head of global FX sales and distribution at
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