According to a new report, the big banks are looking to remake the derivatives contract “for a new generation,” a term that sounds like it belongs in a political campaign. But amidst this apparent “sales communication” is a little phase littered in reports, “financial innovation,” that might lead knowledgeable insiders to give some old school advice: Watch your wallet when you walk through mid-town Manhattan. Although the magic of the Disney has cleaned up the Times Square area, regulators and the US Department of Justice have sent a different message loud and clear: big bank executives will not be held individually…
When Big Banks Develop New Derivatives, Questions Abound
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.