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:
PRECIOUS METAL PRODUCT
PRODUCT ON FOREIGN CURRENCIES OR INTEREST RATES
PRODUCT ON ALTERNATIVE UNDERLYINGS
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".
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.
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.