Best Structured Product Provider – FX
Such extreme levels of volatility rendered these currencies unideal as underliers for flow distribution in Asia. Naturally, private banking clients opted to focus FX investing in G10 currency pairs where broad trading ranges prevailed. EUR, for example, started to move in greater tandem with the dollar after a surprise 12% strengthening against the greenback last year.
BNP Paribas in 2018 distinguished itself within this sweet spot of rangebound trading and assisted structured product investors in Asia by exploiting these ranges through tactical positioning. It showcased various innovative payoff structures to implement a number of plays including the expression of short-term views through target advance KO forwards, better strikes through dual currency target KO forwards, and the implementation of downside protection through pivot target with EKO.
Its extensive range of FX structured product solutions catering to various market conditions and investor views paved the way for BNP Paribas to earn the praise of Asia’s private banks and the title of Best Structured Product Provider – FX.