Citigroup Sees Equity Solutions Fueling Derivatives Sales
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Customized trades may generate half the equity-derivatives revenue at Citigroup Inc. within two years as investment banks seek to offset lower profit from stock broking and clients demand services beyond traditional dealing.
Equity solutions, such as structured products that allow clients to bet on a particular theme, will increase from the current low-double-digit share of the revenue generated by the bank’s derivatives and Delta One desk, Mike Pringle, Citigroup’s global head of equity trading, said in an interview.