Swiss structured products provider Leonteq has reported a strong first quarter with high levels of client activity and a positive trading result on the back of increased volatility towards the end of February despite the impact of the Covid-19 pandemic outbreak.
The global spread of Covid-19 and the oil price shock resulted in extraordinary high levels of volatility and a turmoil of global capital markets affecting all asset classes underlying structured products, according to Leonteq. This has resulted on an a ‘significant increase in turnover and fee income, as it continued to provide clients its full service offering including liquid market making services’ but also on hedging-related losses on the back of the oil-price shock as well as
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