Global Markets

Intermonte’s Global Markets division provides professional clients and eligible counterparties with a broad range of high value-added products and services across different asset classes, through market-making activities on major regulated and OTC markets, as well as proprietary trading.

The business is focused on providing its client base of approximately 500 investors worldwide with efficient strategies to support investment decisions and the structuring of complex products designed on a tailor-made basis.

Client-Driven Activities:

• Equity Derivatives & Market Making
• Fixed Income
• Structured Products

Proprietary Strategies: all strategies are aimed at generating appropriate returns while maintaining prudent risk management

• Volatility Trading
• Directional Trading

Since 2011, Intermonte’s Equity Derivatives desk has been a leading player in the Italian and European equity derivatives markets, with over 4,700 listed instruments and a consistently top-ranking position in industry league tables.

Intermonte’s Market Making team is a leader in the listed equity derivatives business, acting as a Market Maker and continuously providing liquidity to the market, while offering institutional clients competitive pricing and spreads.

Launched in 2011, the business provides bid and ask prices on virtually all derivatives linked to FTSE MIB constituents, as well as the main Italian mid-cap stocks, covering a total of 44 underlying securities and more than 4,700 instruments listed on the IDEM market, including American-style options, European-style options and stock futures.

Since 2019, the product offering has been further expanded to include derivatives on major European stocks listed on Eurex.

Thanks to its extensive base of Italian and international institutional clients and the significant daily trading volumes handled by the desk, Intermonte’s Market Making team is able to provide highly competitive pricing, even for sizeable orders, while maintaining tight bid-ask spreads.

This is reflected in our strong market positioning: over the past 10 years, Intermonte has consistently ranked at the top of the AMF Italia (formerly Assosim) league tables for proprietary trading volumes in options and futures on Italian equities.

Within its Global Markets division, Intermonte also engages in proprietary trading across government, supranational and corporate debt securities, acting as a key partner for its clients and a leading provider of liquidity across the entire debt yield curve.

Trading activities are conducted within predefined operating limits, with a strong focus on the careful monitoring and management of risk factors.

We turn financial complexity into investment opportunities through best-in-class pricing, continuous innovation and tailor-made structured solutions.

Excellence in pricing and innovation at the service of our clients

Intermonte’s Equity Derivatives & Structured Products Desk is a centre of excellence in the pricing, structuring and management of complex derivatives and sophisticated investment solutions. Drawing on a team of professionals with extensive experience in financial markets, we combine advanced quantitative expertise, innovation capabilities and an in-depth understanding of the needs of institutional investors and distribution networks.

OUR EXPERTISE

Advanced pricing of derivatives and complex payoffs

Pricing lies at the heart of our business. Our specialist expertise and constant focus on market dynamics enable us to develop efficient, competitive and customised structures, offering solutions designed to meet even the most sophisticated investment requirements.

Innovation in investment product structuring

Product innovation is an integral part of our approach. We design and develop structured solutions aimed at capturing new market opportunities and meeting the needs of distribution networks and end investors. From initial concept and product design through to post-issuance monitoring, each product is developed following a rigorous approach focused on value creation and maximum financial efficiency.

Tailor-made solutions for institutional and private clients

We develop tailor-made transactions for institutional investors, designing customised payoffs based on specific return, capital protection and diversification objectives. Each solution stems from a direct dialogue with the client and from our ability to translate complex requirements into concrete and effective investment solutions.

Access to specialist derivatives expertise

We provide our clients with access to specialist expertise in equity derivatives, supporting investment, risk-hedging and volatility-trading strategies. By combining pricing, structuring and risk-management capabilities, we provide a highly specialised service and direct access to the expertise developed through extensive experience in international financial markets.

The Global Markets division is supported by a team of specialists who leverage state-of-the-art financial engineering techniques to develop pricing models, analytical tools and innovative trading solutions. The team designs and maintains the desks’ infrastructure and platforms, helping enhance execution efficiency and continuously advance the business’s capabilities.

Working closely with the trading desks, the team supports the management of complex products, including structured derivatives, and oversees operations throughout their entire lifecycle, from collateral management and system consistency to ensuring the quality of the data required for trading activities.