Equity/Index & Cross Asset Volatility Specialist, Cameron Design

Jay Cameron

Equity/Index & Cross Asset Volatility Specialist

Cameron Design

We specialize in financial products and volatility. Our strategies balance speed, data, and risk control to capture opportunities across global markets. Our research leverages AI and data analytics to continuously refine our algorithms and adapt to evolving market dynamics.

Equity Derivatives

<ul>
<li>3 global futures and options topics we covered included global equities, Brent, and Gold.  We review the topics discussed and look forward to another interesting month of volatility trades.</li>
<li>NK remains moderately interesting for NK vs MSCI World vol with the leadership change coming up, though deep downside swings would not be expected.</li>
<li>Were bullish on AI stocks, and highlighted a few favorites with some tactical options trades to monetize existing equity longs or put on new hedged volatility positions.</li>
</ul>


3 global futures and options topics we covered included global equities, Brent, and Gold.  We review the topics discussed and look forward to another interesting month of volatility trades.
NK remains moderately interesting for NK vs MSCI World vol with the leadership change coming up, though deep downside swings would not be expected.
Were bullish on AI stocks, and highlighted a few favorites with some tactical options trades to monetize existing equity longs or put on new hedged volatility positions.


A Rundown of the Last Month's Futures and Options, Stock Options Views

Derivatives and Quantitative Strategist

Gaudenz Schneider

Event-Driven

<ul>
<li>
Exchange holidays: Early October holidays in China (Golden Week) and South Korea (Chuseok) may dampen market activity, while India’s Diwali on 21–22 October brings the traditional Muhurat trading session.</li>
<li>
Earnings season begins in the final third of October across India, Japan, China/Hong Kong, and South Korea, alongside key central bank meetings and the TOPIX rebalance on 30 October.</li>
<li>
Why Read: Plan ahead and take into account known market events when making investment and trading decision.</li>
</ul>



Exchange holidays: Early October holidays in China (Golden Week) and South Korea (Chuseok) may dampen market activity, while India’s Diwali on 21–22 October brings the traditional Muhurat trading session.

Earnings season begins in the final third of October across India, Japan, China/Hong Kong, and South Korea, alongside key central bank meetings and the TOPIX rebalance on 30 October.

Why Read: Plan ahead and take into account known market events when making investment and trading decision.


Earnings Kickoff Dominates October 2025 Key Events

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

<ul>
<li>The ex-date for <a href="https://www.smartkarma.com/entities/sony-financial-group-inc" target="_blank" data-smartkarma-citation="entities:564:1" rel="noopener">Sony Financial Group (8729 JP)</a>'s spinoff from <a href="https://www.smartkarma.com/entities/sony-corp" target="_blank" data-smartkarma-citation="entities:563:1" rel="noopener">Sony Corp (6758 JP)</a> is 29 September. There will be passive flows at the close on the day.</li>
<li>There will be no selling from the <a href="https://www.smartkarma.com/entities/tokyo-stock-exchange-tokyo-price-index-topix" target="_blank" data-smartkarma-citation="entities:22910:1" rel="noopener">TOPIX Index</a> and Fglobal trackers. There will be selling from <a href="https://www.smartkarma.com/entities/nikkei-225" target="_blank" data-smartkarma-citation="entities:22909:1" rel="noopener">Nikkei 225 (NKY INDEX)</a> trackers and potentially from Mglobal trackers.</li>
<li>
<a href="https://www.smartkarma.com/entities/sony-financial-group-inc" target="_blank" data-smartkarma-citation="entities:564:1" rel="noopener">Sony Financial Group (8729 JP)</a> has announced a buyback of up to 1bn shares (13.99% of shares out) over the next year and that will support the stock.</li>
</ul>


The ex-date for Sony Financial Group (8729 JP)'s spinoff from Sony Corp (6758 JP) is 29 September. There will be passive flows at the close on the day.
There will be no selling from the TOPIX Index and Fglobal trackers. There will be selling from Nikkei 225 (NKY INDEX) trackers and potentially from Mglobal trackers.

Sony Financial Group (8729 JP) has announced a buyback of up to 1bn shares (13.99% of shares out) over the next year and that will support the stock.


Sony Financial (8729 JP) Spinoff from Sony Group (6758 JP): Potential Index Flows

<ul>
<li>Global central banks are navigating divergent monetary policies, with the Fed initiating rate cuts while European and Japanese counterparts maintain cautious stances amid varying inflation and growth outlooks.</li>
<li>Significant economic headwinds, including the impact of tariffs and political instability in key regions, are influencing central bank decisions and contributing to a nuanced global economic landscape.</li>
<li>This environment of diverging policies and persistent economic pressures sets the stage for a strategic market opportunity, focusing on volatility dynamics in developed markets.</li>
</ul>


Global central banks are navigating divergent monetary policies, with the Fed initiating rate cuts while European and Japanese counterparts maintain cautious stances amid varying inflation and growth outlooks.
Significant economic headwinds, including the impact of tariffs and political instability in key regions, are influencing central bank decisions and contributing to a nuanced global economic landscape.
This environment of diverging policies and persistent economic pressures sets the stage for a strategic market opportunity, focusing on volatility dynamics in developed markets.


Global Monetary Tides Turn: Fed Cuts, Europe Holds, Japan's Stance and Market Impacts Explored

Quantitative Researcher, MRM Research

Nico Rosti

Quantitative Researcher

MRM Research

Quantitative Research

TSMC (Taiwan Semiconductor Manufacturing) / Equity Derivatives

TSMC (Taiwan Semiconductor Manufacturing)

<ul>
<li>1-Week directional forecast for the Asian indices and stocks we track, based on our proprietary probability model.</li>
<li>OVERBOUGHT:  <a href="https://www.smartkarma.com/entities/samsung-electronics-co-ltd" target="_blank" data-smartkarma-citation="entities:191:1" rel="noopener">Samsung Electronics (005930 KS)</a> , <a href="https://www.smartkarma.com/entities/taiwan-semiconductor-manufacturing-company" target="_blank" data-smartkarma-citation="entities:11230:1" rel="noopener">Taiwan Semiconductor (TSMC) (2330 TT)</a> , <a href="https://www.smartkarma.com/entities/softbank-group-corp" target="_blank" data-smartkarma-citation="entities:315:1" rel="noopener">Softbank Group (9984 JP)</a> , <a href="https://www.smartkarma.com/entities/hong-kong-hang-seng-index" target="_blank" data-smartkarma-citation="entities:22899:1" rel="noopener">HSI Index</a> , <a href="https://www.smartkarma.com/entities/korea-stock-exchange-kospi-200" target="_blank" data-smartkarma-citation="entities:26021:1" rel="noopener">KOSPI 200 INDEX</a> , <a href="https://www.smartkarma.com/entities/nikkei-225" target="_blank" data-smartkarma-citation="entities:22909:1" rel="noopener">Nikkei 225</a> .</li>
<li>OVERSOLD: <a href="https://www.smartkarma.com/entities/byd-co-ltd-h" target="_blank" data-smartkarma-citation="entities:20962:1" rel="noopener">BYD Company (1211 HK)</a> , <a href="https://www.smartkarma.com/entities/s-p-asx-200" target="_blank" data-smartkarma-citation="entities:22901:1" rel="noopener">S&amp;P/ASX 200 INDEX</a> .</li>
</ul>


1-Week directional forecast for the Asian indices and stocks we track, based on our proprietary probability model.
OVERBOUGHT:  Samsung Electronics (005930 KS) , Taiwan Semiconductor (TSMC) (2330 TT) , Softbank Group (9984 JP) , HSI Index , KOSPI 200 INDEX , Nikkei 225 .
OVERSOLD: BYD Company (1211 HK) , S&amp;P/ASX 200 INDEX .


Asia/Pacific Stocks Outlook For the Week Sep 15-19

Japan

The Nikkei-225 Stock Average is a price-weighted average of 225 top-rated Japanese companies listed in the First Section of the Tokyo Stock Exchange. The Nikkei Stock Average was first published on May 16, 1949, where the average price was ¥176.21 with a divisor of 225. 

Nikkei 225 (NKY INDEX)

A Rundown of the Last Month's Futures and Options, Stock Options Views

Global futures and options topics covered include global equities, Brent, and Gold, with a focus on volatility trades and unchanged views on Gold...

Jay Cameron

Earnings Kickoff Dominates October 2025 Key Events

October 2025 kicks off earnings season – reports from Fast Retailing (9983 JP), ICICI Bank (ICICIB IN) & more – alongside holidays and central bank...

Gaudenz Schneider

Sony Financial (8729 JP) Spinoff from Sony Group (6758 JP): Potential Index Flows

Sony Financial starts trading today. Nikkei 225 index trackers will sell at the close and the buyback could mop up some of that selling.

Brian Freitas

Global Monetary Tides Turn: Fed Cuts, Europe Holds, Japan's Stance and Market Impacts Explored

Updates on this Fed: US GDP in 2H adjusted to 3.8% from 3.3% reflecting stronger consumer confidence and reflecting that imports are lower as...

Jay Cameron

Asia/Pacific Stocks Outlook For the Week Sep 15-19

Our weekly stocks outlook directional forecast, generated with on our proprietary probability models. Overbought markets are expected to go down,...

Nico Rosti

A Rundown of the Last Month's Futures and Options, Stock Options Views

​Global futures and options topics covered include global equities, Brent, and Gold, with a focus on volatility trades and unchanged views on Gold...

Jay Cameron

Earnings Kickoff Dominates October 2025 Key Events

October 2025 kicks off earnings season – reports from Fast Retailing (9983 JP), ICICI Bank (ICICIB IN) & more – alongside holidays and central bank...

Gaudenz Schneider

Sony Financial (8729 JP) Spinoff from Sony Group (6758 JP): Potential Index Flows

Sony Financial starts trading today. Nikkei 225 index trackers will sell at the close and the buyback could mop up some of that selling.

Brian Freitas

Global Monetary Tides Turn: Fed Cuts, Europe Holds, Japan's Stance and Market Impacts Explored

Updates on this Fed: US GDP in 2H adjusted to 3.8% from 3.3% reflecting stronger consumer confidence and reflecting that imports are lower as...

Jay Cameron

Asia/Pacific Stocks Outlook For the Week Sep 15-19

​Our weekly stocks outlook directional forecast, generated with on our proprietary probability models. Overbought markets are expected to go down,...

Nico Rosti

Global futures and options topics covered include global equities, Brent, and Gold, with a focus on volatility trades and unchanged views on Gold...

Our weekly stocks outlook directional forecast, generated with on our proprietary probability models. Overbought markets are expected to go down,...