Eric Bertrand

Eric Bertrand, managing director of fixed income derivatives at J.P. Morgan is on record as saying that 'structured derivatives' (customized derivatives that are not traded on an exchange) are growing at 30 to 40 percent per annum.

Eric Bertrand, Managing Director and Co-Head of Derivatives in Europe and Asia, commented:'SwapsLab is part of a series of global, web-based, initiatives across our derivatives business designed to leverage our position as a leader in the global derivatives market.Our strategy is to constantly innovate to provide the best possible service for our clients.SwapsLab does this through enabling our clients to track and analyse their own portfolios, find out about new products, keep in touch with market news and access comments on the market from J.P. Morgan traders and analysts, all from their own desktop.This unique, fully comprehensive service provides clients with greater flexibility, transparency and control over their risk management activities.'

Note to editors:

Managing director of JP Morgan Chase's new business group , Eric Bertrand , told Risk : Weather derivatives do not , in my opinion , give a good return and the stakes are low for the effort that you would have to put in..