Swiss Derivative Awards 2016

The Swiss Derivative Awards were presented for the eleventh time on April 7, 2016 at an evening event at AURA in Zurich. The jury and the audience acknowledged the following products and issuers with awards:

EQUITY PRODUCT

  • Winner: UBS, BDSMIU, Buy on Dips Note
  • Nominated: Leonteq, BASKET, Autocallable Basket BRC on Swiss Top 6
  • Nominated: ZKB, NATUSD, Tracker on „Natural Food Basket“


COMMODITY PRODUCT

  • Winner: UBS, WTILIU, Lock-in Certificate on WTI Crude Oil
  • Nominated: UBS, KICYL, 6.5% Early Redemption Kick-in Goal on WTI Crude Oil
  • Nominated: Bank Vontobel, YMAAVV, COSI Credit Linked Note Glencore


INDEX PRODUCT

Sponsored by STOXX Ltd.

  • Winner: BNP Paribas, HOMECH, Tracker on the Home Automation TR Index
  • Nominated: Bank Vontobel, VZSCC, Tracker on the Smart Cars Performance Index
  • Nominated: BNP Paribas, EECCBP, Callable Capital Protection Certificate on the Ethical Europe Climate Care


PRODUCT ON PRECIOUS METALS, FOREIGN CURRENCIES OR INTEREST RATES

  • Winner: Julius Baer Bank , JFIJF, Tracker on the USD short to medium term Fed Funds Rate Basket
  • Nominated: BNP Paribas, EUTFBP, Short Mini Future on EUR/TRY
  • Nominated: Leonteq, DOLLAR, Tracker on the US Dollar


PRODUCT ON ALTERNATIVE UNDERLYINGS

  • Winner: Leonteq, VZVSST, Mini-Future on Long/Short Strategy VW Preference Share vs. VW Ordinary Share
  • Nominated: UBS, LPCI4U, Mini-Future on the UBS Liquidity Premium Commodity Index
  • Nominated: Bank Vontobel, VKRBI, COSI Credit Linked Note on Raiffeisen International


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
Almost exactly ten years ago, an important step towards the professionalization of the Structured Products Industry in Switzerland was instigated by a small group of banking and derivatives experts: the founding of the Swiss Structured Products Association (SVSP). Today, the SVSP holds a firm place as an established industry organization administering a plethora of tasks. In spring 2006, the organization was initiated by less than a dozen enthusiastic personalities as an ideological club. In 2016, the Special Award is given to the founding team (Roger Studer, Luigi Vignola and Eric Wasescha and others) coinciding with the 10th anniversary of the association's inception.


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.


RESEARCH AWARD

Sponsored by Swiss Structured Products Association (SVSP)

The Research Award, which was presented for the first time this year, was given to undergraduate, postgraduate and PhD students who wrote and implemented a paper on Structured Products and Derivatives.

  • Winner: Andreas Höcherl – Master's thesis: Filtered Historical Simulation for Portfolios: Model Selection and Calibration
  • Nominated: Marjan Wauters – Paper: Smart beta and portfolio insurance: A Happy Marriage?
  • Nominated: Janis Bauer – Paper: On the Relevance of Market Liquidity for Calibration and Option Pricing