PMMI March 2025

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  Serge Nussbaumer
  Chefredaktor

The PMMI provides a rough overview of the market making quality of the various issuers in the area of structured products. Fewer listed products, but higher PMMI values. This summarizes the picture of the last four weeks:

Julius Baer continues to be successful in the PMMI for leveraged products. There is a lively back and forth between Zürcher Kantonalbank, Vontobel and BNP Paribas. The latter, in particular, is once again a strong contender at the top. Société Générale also continues to show a slight upward trend. Tighten the spread a little and you are already at the forefront.

And daily greets the…, no, the Luzerner Kantonalbank. Closely followed by Raiffeisen, Swissquote, Basler Kantonalbank and Banque International à Luxembourg. Spreads are obviously tightening here. Banque Cantonale Vaudoise has lost some ground, falling out of the top group. Viewed over a longer period of time, it is clear that issuers are taking a very customer-friendly approach. Not only with the PMMI.

Thank you for that.

Source of all graphics: payoff.ch