In an interview with SRP, Bharat Sachanandani, head of flow strategy and solutions for Apac at Société Générale, discusses the latest trends in Japanese and Korean autocallable markets, and caveats the implied volatility of the Nikkei 225.
Uridashi issuance for February came in at approximately US$11m Vega, higher than the US$10m Vega a month ago. January saw a shift with net notional flow turning from negative to positive, suggesting a bottoming in the months-long decline in overall outstanding notional, as Société Générale’s February retail structured product report shows. As a key indicator of the Uridashi market size, the three-month moving average net flow of issuance kept fallin
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