gfi asian equity index volatility
DESCRIPTION
Index volTRANSCRIPT
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INDEX IMPLIED VOLATILITYGFI has a strong and independent presence in global equity markets and is a top equity derivatives inter-dealer broker. GFI has a wealth of experience in single stock options and equity index option tradingthroughout North America, Europe and Asia. Our position in offering efficient execution and reliabilityin these markets gives our data product complete content neutrality in this specialised area.
EQUITY
MARKETS INTELLIGENCE
With equity brokerage desks based inSingapore, Hong Kong, Japan andAustralia, GFI makes available Asian equityindex volatilities data for all major Asianindices.
Our position as a hub for inter-banktrading coupled with access to multiplepools of liquidity in the OTC marketsallows for the construction ofcomprehensive and reliable data. Withincreased demands for markettransparency and strict accountingstandards, GFI data reflects actual equitymarket conditions, which differentiates itfrom currently available data sources.
OVERVIEW OF THE SERVICE
Coverage: a broad set of data whichincludes the following equity indices: KOSPI200, ASX 200, NIKKEI 225, HSI and HSCEI.
Data quality is ensured using a real timecalibration process to actual marketprices and trades; achieved usingsophisticated analytics, and multi-sourcedata feeds from both OTC and exchangetraded markets. GFI provides a truereflection of the market through its richset of definitive real market prices fromthe major market makers, OTC equityderivative participants, and the respectivelisted option markets.
NO. 1 EQUITY DERIVATIVE BROKERRISK MAGAZINE INTER-DEALER SURVEY 2006
GFI MARKET DATA REFLECTS THE MARKET - NOT OPINIONS
EQUITY
ASIAN EQUITY INDEX VOLATILITY
70%
95%
120%
29-Apr-08
30-Mar-09
30-Dec-10
30-Dec-13
20%25%30%35%
40%
45%
50%
55%
60%
65%
70%
VOL
STRIKE
TERM
Sample Implied Volatility Skew Surface for Hang Seng Index
Data composition represents thecomplete implied volatility surface for awide range of At and Out of The Moneystrike points for both Puts and Calls formultiple maturity term pillars out to 5years or more, dependent on the specificindex and the ruling market practices.The value of the data is therefore both inthe wings and the volatility termstructure. Moreover, the volatilities areabstracted from any dividends, forwards,interest rates, exchange rates andborrow costs.
Compliance with Regulatoryrequirements: GFIs data givesconfidence to institutions that mustensure accurate valuation of theirderivative positions in order to fulfil auditrequirements.
Historical coverage: GFIs impliedvolatility database provides a completeview of historical market data, dating backto October 2006.
Delivery is provided through agenerated. CSV file at the end of eachtrading day, retrievable via GFIs FTP site.
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CONTACTS
EQUITY
GFI Group Inc. 2008. All rights reserved.This advertisement has been approved by GFI Brokers Limited, which is regulated by the FSA in the UK.GFI Securities LLC, a FINRA and NFA regulated firm.
NEW YORK +1 212 968 2935LONDON +44 20 7877 8099PARIS +33 1 76 70 35 00SINGAPORE +65 6435 0442TOKYO +813 3552 5111
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ABOUT GFI
KEITH NICOLLE, [email protected]
ELLIOTT HANNAsia+65 6435 [email protected]
NATASHA HUNGAsia+65 6435 [email protected]
GFI Group Inc. (www.GFIgroup.com) is aleading inter-dealer broker specializing in over-the-counter derivatives products and relatedsecurities. GFI Group Inc. provides brokerageservices, market data and analytics softwareproducts to institutional clients in markets fora range of credit, financial, equity andcommodity instruments.
Headquartered in New York, GFI wasfounded in 1987 and has additional offices inLondon, Paris, Hong Kong, Tokyo, Singapore,Sydney, Seoul, Shanghai, Dubai, Tel Aviv, CapeTown, Englewood (NJ), Sugar Land (TX) andCalgary. GFI provides services and products toover 2,400 institutional clients, includingleading investment and commercial banks,
corporations, insurance companies and hedgefunds. Its brands include GFI, GFInet, GFIStarsupply, Amerex, Trayport, FENICS, GFIForexMatch,TM EnergyMatch and CreditMatch.
Data Sets:
GFI is continuously making newdata sets available to itscustomers. Current data setsinclude:
> CREDITCredit derivatives
> ENERGY & COMMODITIESDry and wet freight, emissions, coal,weather, power, gas
> EQUITIESAsia equity index volatilities
> FXFX options, FX options revaluationservice
About GFI Market Data
Demands for market transparencyand new accounting standards arechallenging participants in thederivatives markets. An independentintermediary in typically highlyspecialized markets GFI can assistthe buy and sell-sides by providingthem with hard to find, independentand comprehensive real time andhistorical data.
The presence of brokerageoperations in such specializedmarkets means that GFI is animportant information hub ofcomplex derivative products, andtherefore ideally positioned toprovide the capital markets withdata which reflects actual marketconditions and sentiments.
Providing Data to:
TradersMoney/Fund ManagersAnalystsSalesRisk ManagersRisk ControllersCredit OfficersRegulatorsIndustry associationsTreasuryEconomistsStructurersFront, middle and back office
GFI MARKET DATA
CONTACTS
NICK CHARGEEurope+44 20 7877 [email protected]
MATHIEU ALAZARDEurope+44 20 7877 [email protected]
GERALD O'DONNELLNorth America+212 968 [email protected]
PHILIP WINSTONEGlobal+44 20 7877 [email protected]