The Swiss Derivative Awards were presented for the thirteen time on March 21, 2019 at an evening event at AURA in Zurich. The jury and the audience acknowledged the following products and issuers with awards:
INDEX PRODUCT Sponsored by SIX Swiss Exchange
PRODUCT ON PRECIOUS METALS / FOREIGN CURRENCIES
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 Julius Baer was 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. Zürcher Kantonalbank was successful in taking first place in the category "Investment Products".
SPECIAL AWARD: BASLER KANTONALBANK FOR THE TRACKER CERTIFICATE ON THE SPI (BKSPI) – 10TH ANNIVERSARY
The Special Award for Achievements in 2018 goes to the Basler Kantonalbank as the issuer of the tracker certificate BKSPI on the SPI. The certificate celebrated its 10th anniversary last August. It is the only investment product that enables investment in the Swiss Performance Index. It stands for continuity in the industry, is cost-efficient, easy for the client to understand and offers a real added value.
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, UBS and Zürcher Kantonalbank.
The best academic works (Master, Doctor/PhD, Paper) about Derivatives and STPs. Sponsored by Swiss Structured Products Association (SVSP)
WINNER Georg Fischer, University of Passau (DE)
In first place was the dissertation written by Georg Fischer: "Three Essays on Structured Financial Products, Investors' Trading Behavior and Issuers' Dynamic Hedging".
NOMINATED Stefan Kanne, Karlsruhe Institute of Technology (DE)
The second prize among the submitted scientific works was awarded by the jury to two persons. Stefan Kanne was awarded the prize for his dissertation: "Hedging Frictions and Option Values".
NOMINATED Joséphine Molleyres, University of Basel (CH)
Joséphine Molleyres, who was also awarded second prize for her dissertation "Credit Risk Dynamics in the Corporate and Sovereign Credit Default Swaps Market and the Effects of Central Clearing", saved the honour of the Swiss universities.