DB delta one Gulf products precede derivatives business

Deutsche Bank has announced the expansion of its aXess international structured products suite to include markets of the Gulf Cooperation Council, initially Dubai, Abu Dhabi, Bahrain and Qatar.The products are delta one certificates in US dollars tracking GCC shares traded by the bank, and the first stage of a development that will later involve deploying a derivatives business, said head of equities business development Kenneth Monahan. “Appetite for derivatives doesn’t predate appetite for the