The property derivatives market experienced a rush of news in the first few weeks of this year: the first commercial property derivatives swap; the launch of the first property derivatives hedge fund; the first property derivative written on a mainland European IPD index; the announcement by CBOT of its plan to offer commercial property futures; and a new UK residential property index that could boost residential property derivatives. It is a sign of the momentum building in this sector.
Property derivatives have been something of a slow burn, with...
