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RBS creates options strategy in trade on TAIEX

November 24, 2009  

From Pamela Tang

The bank suspects Taiwan’s benchmark index could be range-bound in the next few months after a noticeable slowdown in the rate of its rise. The ground for a sell-off in volatility appears fertile.

RBS suspects that Taiwan’s benchmark TAIEX index could stay range-bound in the next few months and has come up with a trading idea to sell index volatility via options.

The TAIEX closed at 7,714 points on November 24, having...


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OFFSHORE RENMINBI DCM

Rank Bookrunner Value ($m) No. %Share
1 HSBC 2,717 31 19.6
2 Standard Chartered Bank 1,889 26 13.6
3 Bank of China Ltd 1,561 17 11.2
4 Deutsche Bank 893 13 6.4
5 Industrial & Commercial Bank of China - ICBC 827 12 6.0
6 Agricultural Bank of China Ltd 607 7 4.4
7 Goldman Sachs 570 8 4.1
8 Citi 569 8 4.1
9 China International Capital Corp Ltd 461 5 3.3
10 DBS 442 9 3.2
Subtotal 10,534 72 75.9
Total 13,886 81 100.0

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