Swiss Derivative Awards 2015

The Swiss Derivative Awards were presented for the tenth time on March 26, 2015 at an evening event at AURA in Zurich. The jury and the audience acknowledged the following products and issuers with awards:

EQUITY PRODUCTS

  • Winner: Julius Baer, JFMRK, JB Tracker Certificate on the Orphan Drugs Basket II
  • Nominated: Bank Vontobel, VZHDE, VONCERT on a Solactive European High Dividend Low Volatility Index
  • Nominated: ZKB, ZKB4IJ, Barrier Reverse Convertible “Crash & Protect” on worst of ABB, Adecco, Swiss Life


COMMODITY PRODUCT

  • Winner: Bank Vontobel, MCL1E, Short Mini Future on the WTI Light Sweet Crude Oil Future
  • Nominated: Notenstein, NPABQE, 6.50% p.a. Reverse Convertible on WTI Crude Oil
  • Nominated: Leonteq, LTQERW, Inverse Barrier Reverse Convertible on Brent Crude Oil


PRECIOUS METAL PRODUCT

  • Winner: Leonteq, LTQCMO, Inverse Barrier Reverse Convertible on Gold
  • Nominated: Bank Vontobel, FI6SPL, Factor Certificate on the 6x Short Index linked to Platinum
  • Nominated: Notenstein, NPADAN, 4.50% p.a. Multi Barrier Reverse Convertible on Gold, Palladium, Silver


PRODUCT ON FOREIGN CURRENCIES OR INTEREST RATES

  • Winner: Notenstein, NPCNY, Tracker Certificate on a Renminbi Bond Basket
  • Nominated: Bank Vontobel, VUKJP, Unit on KRW/JPY in Quanto USD
  • Nominated: Leonteq LTQCFS Floating Reverse Convertible on CHF 30Y Swap


PRODUCT ON ALTERNATIVE UNDERLYINGS

  • Winner: Leonteq, ZURDIV, Tracker Certificate on Zurich Insurance Dividend 2017
  • Nominated: ZKB, ZKB4DH, Reference Issuer Certificate with Limited Capital Protection and Asian Participation on ZKB Dynamic Asset Class Index
  • Nominated: Notenstein, NPABKW, Capital Protection Certificate with Participation on Swiss Balanced VolCap Strategy CHF


THE BEST MARKET MAKERS
For investors, fair prices on the secondary market are a key feature of a «good» investment product. In the category "Leverage Products", Bank Vontobel was once again awarded first place as the best market maker. The issuer stood out due to consistent quality in the pricing of its issues in the secondary market on the SIX Structured Products Exchange. Leonteq Securities was again successful in taking first place in the category "Investment Products".


SPECIAL AWARD
The jury was fascinated by Leonteq's Public Constructor, which allows investors to easily check whether the pricing of any kind of product is correct. Without knowledge of financial mathematics, this would otherwise be impossible. This tool marks a milestone on the path towards more transparency within the market. According to financial experts, the Public Constructor is as yet unrivalled in terms of its flexibility.


TOP SERVICE
Judging of the issuers' service performance involved assessment of the following criteria: quality of term sheets, quality of brochures and client magazines, quality of derivatives website, quality of market making, surveys of investors and pricing. This year, the jury awarded the coveted distinction to Bank Vontobel, Leonteq Securities and Banque Cantonale Vaudoise.