Swiss Derivative Awards 2019

EQUITY PRODUCT

• Winner: Leonteq Securities, WEETQ, Tracker Certificate on Swissquote Cannabis Portfolio
• Nominated: Raiffeisen Schweiz, EIXRCH, Tracker Certificate on Solactive Sustainable Plastic Economy NTR Index
• Nominated: Bank Julius Bär, DAGGJB, Tracker Certificate auf den Brazil Basket

COMMODITY PRODUCT

• Winner: UBS, KBTVDU, Capital Protection Certificate with Participation on WTI Crude Oil Future
• Nominated: Leonteq Securities, FVXLTQ, Short Mini-Future on Copper
• Nominated: Vontobel, MCOBAV, Short Mini-Future on Brent Crude Oil Future

INDEX PRODUCT Sponsored by SIX Swiss Exchange

• Winner: Credit Suisse, CSSECS, Tracker Certificate on CS Swiss Equity with Enhanced Collar Overlay Index
• Nominated: Leonteq Securities, CULEFG, Capital Protection Certificate with Participation on S&P 500 (Bearish)
• Nominated: UBS, KBGFDU, Barrier Reverse Convertible on EURO STOXX 50 / S&P500 / SMI

PRODUCT ON PRECIOUS METALS / FOREIGN CURRENCIES

• Winner: Zürcher Kantonalbank, Z18CPZ, Capital Protection Certificate with Participation on USD/TRY
• Nominated: UBS, FXAGDU, Long Mini-Future on Silver
• Nominated: Vontobel, MAUDI, Short Mini-Future on AUD/USD

PRODUCT ON ALTERNATIVE UNDERLYINGS

• Winner: Leonteq Securities, HFJLTQ, Long/Short Certificate on Swatch registered vs. bearer shares
• Nominated: UBS, VIXMT, Tracker Certificate on S&P500 VIX Mid-Term ER Index
• Nominated: Vontobel, MXBTCV, Short Mini-Future on Bitcoin

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.

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, UBS and Zürcher Kantonalbank.

RESEARCH AWARD

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.