Morgan Stanley in New York is expanding its exotic equity derivatives unit in response to investors who, hit by the recent crisis, are demanding innovative solutions to precisely match their needs and market views. The bank noted that it will expand its nine-member exotics team, which offers features including Asian, barrier, lookback, outperformance and barrier options, additive and multiplicative cliquets, as well as range accruals and multi-asset options with best-of/worst-of strategies. Th
