SRP expands Scandinavian 'turbo' coverage

SRP today extended coverage of the Scandinavian structured products markets with the addition of turbo and leveraged certificates to the Swedish and Norwegian databases.

"I am delighted to be able to increase the scope of our coverage and add extra value to our clients in Sweden and Norway," said SRP MD Jan Scibor-Kaminski. "This new data will provide users with increased visibility and understanding of the local product offering."

With the new extended coverage of Sweden and Norway, SRP data shows 68 new products in Norway from two providers, RBS (48) and Commerzbank (20). The Swedish market now shows an extra 654 products from four providers - Commerzbank (282), RBS (162), Citi (141) and Ohman Fondkommission (69). The most popular underlyings for turbo certificates in Norway are the German Dax index (14) and Brent Crude (12). In Sweden the domestic benchmark OMXS30 is the most used underlying for turbos (211), followed by the Dax (125) and gold (45).

SRP already covered Finnish turbo and mini futures activity. The database contains 1,053 leveraged structures from six providers: Nordea Pankki (447), Commerzbank (313), Sampo Pankki (151), Société Générale (86), RBS (39) and Handelsbanken (17). SRP data shows the top three underlyings are the Dax (446), the Nokia share (136) and the Eurostoxx50 (68).