Page 1

16.10.2012

Option Implied Volatility Skew Parameters by Terms: 2 IVt = atx + btx + ct

At The Money Implied Volatilities by Terms

Stoxx 600 Index

Ticker

Name

GICS_SECTOR_NAME

ATM Ref

Dividend Yield

Next ExDividend Date

Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew ATM Vol - ATM Vol - ATM Vol - ATM Vol - ATM Vol - ATM Vol - ATM Vol (a) (a) (a) (a) (a) (a) (a) (b) (b) (b) (b) (b) (b) (b) 30D 60D 90D 6M 12M 18M 24M 30D 60D 90D 6M 12M 18M 24M 30D 60D 90D 6M 12M 18M 24M

NESN VX Equity

NESTLE SA-REG

Consumer Staples

62.00

3.39%

24.04.2013

12.09

11.44

11.60

12.41

14.70

14.31

14.55

-0.153 -0.198 -0.203 -0.168 -0.125 -0.090 -0.077 0.035

0.021

0.016

0.008

0.003

0.002

0.002

HSBA LN Equity

HSBC HOLDINGS PLC

Financials

610.00

4.58%

20.03.2013

17.99

18.35

18.92

20.48

21.56

23.26

23.64

-0.229 -0.304 -0.302 -0.241 -0.131 -0.111 -0.101 0.019

0.013

0.009

0.005

0.004

0.001

0.000

NOVN VX Equity

NOVARTIS AG-REG

Health Care

58.65

4.26%

26.02.2013

12.05

11.79

11.06

10.17

13.14

12.92

12.43

-0.289 -0.214 -0.163 -0.085 -0.078 -0.037 0.001

0.042

0.022

0.016

0.008

0.003

0.002

0.001

ROG VX Equity

ROCHE HOLDING AG-GENUSSCHEIN

Health Care

184.50

4.07%

07.03.2013

14.17

13.61

13.54

14.39

16.77

17.44

17.25

-0.244 -0.233 -0.197 -0.096 -0.066 -0.018 0.006

0.029

0.016

0.012

0.006

0.003

0.003

0.004

VOD LN Equity

VODAFONE GROUP PLC

Telecommunication Services 173.05

5.89%

21.11.2012

16.20

17.06

17.33

17.67

18.67

19.27

18.88

-0.146 -0.276 -0.281 -0.204 -0.077 -0.086 -0.090 0.006

0.008

0.007

0.004

0.000

0.000

0.002

BP/ LN Equity

BP PLC

Energy

433.95

5.00%

07.11.2012

21.24

22.08

22.34

22.96

24.11

25.25

24.79

-0.199 -0.217 -0.205 -0.154 -0.074 -0.109 -0.110 0.005

0.005

0.005

0.002

0.000

0.001

0.001

RDSA NA Equity

ROYAL DUTCH SHELL PLC-A SHS

Energy

26.72

5.05%

14.11.2012

13.27

14.11

14.57

15.33

16.18

17.12

17.16

0.074 -0.139 -0.172 -0.129 -0.112 -0.104 -0.077 0.030

0.020

0.016

0.006

0.003

0.002

0.002

GSK LN Equity

GLAXOSMITHKLINE PLC

Health Care

1439.00

5.35%

14.11.2012

13.93

14.55

14.87

15.78

17.12

17.59

17.25

-0.210 -0.265 -0.242 -0.154 -0.125 -0.124 -0.117 0.004

0.009

0.009

0.005

0.002

0.002

0.001

FP FP Equity

TOTAL SA

Energy

39.07

6.07%

18.03.2013

19.80

19.24

19.67

20.52

20.96

19.39

18.83

-0.124 -0.212 -0.239 -0.219 -0.142 -0.038 -0.119 0.021

0.013

0.011

0.004

0.003

0.000

0.002

SAN FP Equity

SANOFI

Health Care

68.83

4.04%

10.05.2013

21.38

20.90

20.77

20.48

21.57

19.65

19.62

-0.185 -0.263 -0.267 -0.201 -0.140 -0.118 -0.108 0.022

0.009

0.007

0.004

0.002

0.002

0.002

BATS LN Equity

BRITISH AMERICAN TOBACCO PLC

Consumer Staples

3233.00

4.32%

06.03.2013

16.59

16.71

16.68

17.56

-0.179 -0.206 -0.190 -0.132

0.004

0.005

0.004

0.001

SIE GY Equity

SIEMENS AG-REG

Industrials

77.30

3.95%

24.01.2013

20.62

20.08

19.57

19.57

20.54

21.02

20.78

-0.251 -0.249 -0.228 -0.171 -0.158 -0.123 -0.085 0.024

0.012

0.009

0.005

0.002

0.002

0.002

BAS GY Equity

BASF SE

Materials

65.72

3.96%

29.04.2013

23.81

23.20

23.39

23.80

24.39

24.34

25.22

-0.400 -0.338 -0.301 -0.216 -0.130 -0.071 -0.059 0.022

0.010

0.007

0.003

0.001

0.000

0.000

SAN SQ Equity

BANCO SANTANDER SA

Financials

6.04

12.39%

17.10.2012

38.86

38.94

38.02

36.90

33.37

31.65

27.22

-0.335 -0.328 -0.296 -0.209 -0.062 0.160

BAYN GY Equity

BAYER AG-REG

Health Care

70.00

2.57%

29.04.2013

25.06

24.26

24.21

24.41

25.19

24.70

24.72

-0.365 -0.328 -0.301 -0.225 -0.164 -0.140 -0.115 0.024

0.011

0.008

0.003

0.002

0.002

0.002

DGE LN Equity

DIAGEO PLC

Consumer Staples

1792.00

2.68%

27.02.2013

16.40

16.33

16.65

17.99

19.27

20.07

19.97

-0.353 -0.343 -0.312 -0.227 -0.154 -0.121 -0.115 0.012

0.011

0.009

0.005

0.003

0.003

0.003

BG/ LN Equity

BG GROUP PLC

Energy

1326.00

1.28%

10.04.2013

24.65

24.36

24.58

25.74

25.90

26.02

-0.207 -0.188 -0.179 -0.155 -0.128 -0.128

0.013

0.009

0.006

0.003

0.002

0.002

NOVOB DC Equity NOVO NORDISK A/S-B

Health Care

956.50

1.67%

21.03.2013

33.46

29.09

26.96

24.26

-0.154 -0.091 -0.058 -0.002

0.000

0.000

0.000

0.000

SAP GY Equity

SAP AG

Information Technology

55.56

1.51%

24.05.2013

22.60

20.94

20.63

20.92

22.43

23.00

23.41

-0.295 -0.279 -0.269 -0.231 -0.199 -0.173 -0.136 0.021

0.011

0.009

0.004

0.003

0.002

0.001

BLT LN Equity

BHP BILLITON PLC

Materials

1942.50

3.90%

04.03.2013

26.86

27.11

27.38

28.59

29.78

32.67

33.38

-0.308 -0.276 -0.248 -0.186 -0.124 -0.117 -0.115 0.007

0.006

0.004

0.002

0.001

0.000

0.000

ABI BB Equity

ANHEUSER-BUSCH INBEV NV

Consumer Staples

67.71

2.70%

24.04.2013

20.82

20.44

20.58

21.14

21.93

21.93

-0.248 -0.266 -0.254 -0.198 -0.121 -0.121

0.020

0.009

0.006

0.003

0.001

0.001

ENI IM Equity

ENI SPA

Energy

17.77

6.13%

20.05.2013

23.96

24.27

24.25

23.49

24.05

22.88

23.15

-0.383 -0.363 -0.332 -0.237 -0.181 -0.143 -0.128 0.019

0.006

0.003

0.002

0.001

0.002

0.002

RIO LN Equity

RIO TINTO PLC

Materials

3033.50

3.54%

27.02.2013

32.41

31.60

31.79

33.14

34.20

35.08

34.87

-0.319 -0.253 -0.224 -0.171 -0.129 -0.100 -0.086 0.007

0.006

0.004

0.001

0.002

0.001

0.001

AZN LN Equity

ASTRAZENECA PLC

Health Care

2909.50

6.29%

13.02.2013

15.87

15.66

15.62

16.72

17.97

20.16

20.63

-0.396 -0.348 -0.291 -0.186 -0.120 -0.132 -0.140 0.013

0.012

0.010

0.005

0.002

0.001

0.001

UNA NA Equity

UNILEVER NV-CVA

Consumer Staples

28.45

3.50%

07.11.2012

17.03

16.41

16.13

16.08

16.41

16.14

15.85

-0.282 -0.260 -0.232 -0.173 -0.108 -0.097 -0.063 0.025

0.013

0.010

0.005

0.002

0.004

0.003

ALV GY Equity

ALLIANZ SE-REG

Financials

94.92

4.85%

10.05.2013

20.08

20.85

21.38

21.89

23.70

22.12

22.16

-0.195 -0.225 -0.228 -0.184 -0.090 -0.098 -0.025 0.020

0.008

0.006

0.003

0.001

0.003

0.003

BNP FP Equity

BNP PARIBAS

Financials

40.42

3.46%

30.05.2013

36.04

35.85

35.76

35.18

36.12

36.27

35.79

-0.305 -0.288 -0.279 -0.229 -0.142 -0.147 -0.140 0.012

0.004

0.003

0.002

0.001

0.001

0.001

TEF SQ Equity

TELEFONICA SA

Telecommunication Services 10.49

07.11.2013

29.48

29.84

29.80

29.77

30.09

29.26

27.65

-0.191 -0.202 -0.203 -0.243 -0.229 -0.089 0.096

0.007

0.002

0.001

0.002

0.002

0.001

0.000

ULVR LN Equity

UNILEVER PLC

Consumer Staples

-0.248 -0.248 -0.237 -0.194 -0.159 -0.159

0.010

0.010

0.009

0.005

0.004

0.004

DAI GY Equity

DAIMLER AG-REGISTERED SHARES

EOAN GY Equity UBSN VX Equity

0.353

0.002 -0.001 -0.001 0.001

0.001 -0.001 -0.002

2345.00

3.44%

07.11.2012

14.88

14.88

15.12

16.05

16.56

16.56

Consumer Discretionary

38.11

5.77%

11.04.2013

31.23

30.34

30.15

31.20

30.03

31.65

30.42

-0.186 -0.164 -0.161 -0.149 -0.078 -0.038 0.005

0.013

0.005

0.004

0.002

0.001

0.001

0.001

E.ON AG

Utilities

18.38

5.99%

03.05.2013

18.03

18.18

18.95

20.60

21.20

20.23

21.30

-0.257 -0.282 -0.283 -0.233 -0.135 -0.060 -0.051 0.036

0.016

0.011

0.004

0.002

0.003

0.003

UBS AG-REG

Financials

12.30

1.63%

22.04.2013

28.74

28.15

28.08

27.98

29.09

28.47

29.07

-0.383 -0.275 -0.239 -0.191 -0.120 -0.092 -0.067 0.028

0.014

0.010

0.004

0.002

0.003

0.004

STAN LN Equity

STANDARD CHARTERED PLC

Financials

1472.50

3.62%

06.03.2013

26.31

26.50

26.39

26.72

27.09

27.09

-0.170 -0.227 -0.220 -0.154 -0.120 -0.120

0.007

0.007

0.006

0.002

0.001

0.001

ABBN VX Equity

ABB LTD-REG

Industrials

17.81

4.49%

29.04.2013

22.83

21.94

21.84

22.04

23.79

23.82

25.13

-0.329 -0.278 -0.253 -0.178 -0.084 -0.049 -0.011 0.020

0.010

0.008

0.004

0.001

0.000 -0.001

BBVA SQ Equity

BANCO BILBAO VIZCAYA ARGENTA

Financials

6.24

6.72%

10.01.2013

41.25

40.54

40.54

38.95

40.01

40.38

41.78

-0.330 -0.241 -0.220 -0.199 -0.062 0.088

SAB LN Equity

SABMILLER PLC

Consumer Staples

2682.00

2.35%

05.12.2012

18.34

18.34

18.62

19.61

MC FP Equity

LVMH MOET HENNESSY LOUIS VUI

Consumer Discretionary

124.10

2.42%

22.04.2013

28.36

26.32

25.91

25.81

26.35

23.42

22.60

NG/ LN Equity

NATIONAL GRID PLC

Utilities

703.00

5.81%

28.11.2012

15.01

14.82

14.98

15.66

16.21

BARC LN Equity

BARCLAYS PLC

Financials

244.85

2.65%

07.11.2012

38.05

37.74

37.50

37.28

38.33

38.14

DBK GY Equity

DEUTSCHE BANK AG-REGISTERED

Financials

34.15

2.20%

03.06.2013

41.05

39.08

37.97

35.65

35.26

AAL LN Equity

ANGLO AMERICAN PLC

Materials

1804.50

2.68%

27.03.2013

37.67

36.79

36.62

37.15

37.60

AI FP Equity

AIR LIQUIDE SA

Materials

95.47

2.62%

13.05.2013

21.57

21.38

21.35

21.18

RB/ LN Equity

RECKITT BENCKISER GROUP PLC

Consumer Staples

3673.00

3.59%

20.02.2013

15.83

15.83

15.90

ZURN VX Equity

ZURICH INSURANCE GROUP AG

Financials

244.50

7.16%

04.04.2013

17.80

17.23

17.36

BN FP Equity

DANONE

Consumer Staples

48.46

3.10%

07.05.2013

23.98

21.76

TSCO LN Equity

TESCO PLC

Consumer Staples

307.45

4.84%

24.04.2013

17.99

18.07

IMT LN Equity

IMPERIAL TOBACCO GROUP PLC

Consumer Staples

2295.00

4.72%

16.01.2013

20.05

PRU LN Equity

PRUDENTIAL PLC

Financials

866.50

3.12%

27.03.2013

DTE GY Equity

DEUTSCHE TELEKOM AG-REG

Telecommunication Services 9.03

7.75%

SYNN VX Equity

SYNGENTA AG-REG

Materials

346.50

2.48%

INGA NA Equity

ING GROEP NV-CVA

Financials

6.88

SU FP Equity

SCHNEIDER ELECTRIC SA

Industrials

48.11

CFR VX Equity

CIE FINANCIERE RICHEMON-BR A

Consumer Discretionary

HMB SS Equity

HENNES & MAURITZ AB-B SHS

LIN GY Equity

LINDE AG

GSZ FP Equity

GDF SUEZ

Utilities

OR FP Equity

L'OREAL

CS FP Equity CSGN VX Equity

0.202

-0.214 -0.214 -0.206 -0.174

0.002 -0.001 -0.002 -0.002 -0.004 -0.007 -0.009 0.007

0.007

0.007

0.004

-0.272 -0.226 -0.205 -0.165 -0.117 -0.109 -0.125 0.013

0.006

0.005

0.002

0.001

0.002

0.002

-0.137 -0.163 -0.143 -0.074 -0.045

0.007

0.011

0.009

0.002

0.002

37.44

-0.352 -0.299 -0.273 -0.221 -0.145 -0.106 -0.094 0.006

0.008

0.007

0.002

0.001

0.003

0.004

34.19

34.38

-0.368 -0.327 -0.304 -0.240 -0.151 -0.103 -0.042 0.016

0.006

0.004

0.003

0.001

0.001

0.000

39.09

39.73

-0.278 -0.259 -0.241 -0.196 -0.120 -0.095 -0.073 0.006

0.005

0.004

0.002 -0.001 -0.001 -0.002

21.90

21.73

21.41

-0.154 -0.222 -0.237 -0.211 -0.151 -0.157 -0.132 0.018

0.011

0.009

0.004

0.002

0.002

16.72

17.40

17.40

-0.281 -0.281 -0.250 -0.146 -0.086 -0.086

0.009

0.009

0.008

0.004

0.002

0.002

18.65

18.02

18.72

18.69

-0.285 -0.297 -0.290 -0.239 -0.124 -0.089 -0.056 0.032

0.015

0.010

0.005

0.004

0.003

0.004

21.23

20.23

20.50

19.93

19.78

-0.167 -0.228 -0.227 -0.175 -0.127 -0.188 -0.193 0.016

0.008

0.006

0.003

0.002

0.003

0.003

18.45

19.33

20.64

20.58

20.69

-0.062 -0.182 -0.200 -0.160 -0.077 -0.075 -0.059 0.001

0.005

0.006

0.004

0.000

0.000

0.000

20.05

20.00

20.76

-0.140 -0.140 -0.115 -0.047

0.003

0.003

0.003

0.002

23.60

23.81

24.06

25.13

26.41

27.00

26.52

-0.244 -0.352 -0.343 -0.235 -0.151 -0.160 -0.123 0.008

0.008

0.007

0.004

0.002

0.003

0.002

24.05.2013

26.30

24.33

23.85

22.29

21.88

21.59

21.76

-0.459 -0.357 -0.297 -0.165 -0.057 -0.036 0.039

0.040

0.016

0.009

0.003

0.002

0.001

0.001

22.04.2013

19.60

19.26

19.39

19.76

20.61

20.73

20.97

-0.461 -0.369 -0.320 -0.221 -0.140 -0.116 -0.099 0.020

0.011

0.008

0.004

0.002

0.001

0.001

25.04.2013

38.16

38.02

37.85

37.73

38.78

38.57

38.93

-0.339 -0.303 -0.297 -0.285 -0.234 -0.214 -0.161 0.021

0.007

0.005

0.003

0.001

0.002

0.002

3.74%

13.05.2013

37.18

36.66

36.34

35.54

36.21

35.96

36.59

-0.242 -0.249 -0.243 -0.191 -0.137 -0.124 -0.105 0.013

0.005

0.004

0.001

0.001 -0.001 -0.001

59.95

1.03%

09.09.2013

29.87

28.82

28.55

28.41

28.66

28.79

-0.217 -0.207 -0.199 -0.164 -0.115 -0.100

0.010

0.004

0.003

0.002

0.001

Consumer Discretionary

234.60

4.05%

03.05.2013

16.77

17.90

18.23

19.16

19.44

-0.280 -0.135 -0.116 -0.131 -0.086

0.069

0.030

0.016

0.005

0.003

Materials

134.65

2.01%

30.05.2013

20.17

19.85

20.00

20.50

21.08

21.15

21.79

-0.286 -0.283 -0.272 -0.222 -0.147 -0.109 -0.098 0.021

0.011

0.008

0.004

0.003

0.002

17.62

3.80%

01.05.2013

21.15

21.21

21.55

22.12

23.23

25.46

25.35

-0.163 -0.192 -0.201 -0.170 -0.109 -0.136 -0.107 0.028

0.012

0.008

0.004

0.001

0.000 -0.002

Consumer Staples

99.59

2.21%

29.04.2013

20.73

20.14

20.06

20.18

20.83

20.75

20.80

-0.113 -0.218 -0.235 -0.193 -0.149 -0.152 -0.134 0.019

0.009

0.007

0.003

0.002

0.003

0.003

AXA SA

Financials

12.17

6.00%

06.05.2013

32.94

32.72

32.55

31.48

32.48

30.61

29.28

-0.243 -0.292 -0.306 -0.264 -0.172 -0.131 -0.142 0.017

0.006

0.005

0.003

0.001

0.003

0.004

CREDIT SUISSE GROUP AG-REG

Financials

21.76

3.45%

09.05.2013

32.73

31.59

31.03

30.19

31.57

30.25

30.98

-0.179 -0.209 -0.219 -0.194 -0.111 -0.084 -0.064 0.020

0.008

0.005

0.003

0.001

0.002

0.002

LLOY LN Equity

LLOYDS BANKING GROUP PLC

Financials

42.43

06.03.2013

35.18

35.13

35.35

36.21

37.41

39.14

39.12

-0.155 -0.240 -0.259 -0.256 -0.135 -0.138 -0.156 0.010

0.001

0.000

0.004

0.003

0.002

0.001

BT/A LN Equity

BT GROUP PLC

Telecommunication Services 218.90

4.34%

19.12.2012

25.64

22.58

22.55

24.04

24.44

25.84

25.74

-0.321 -0.266 -0.229 -0.179 -0.077 -0.092 -0.095 0.005

0.009

0.008

0.002 -0.001 0.000 -0.001

CNA LN Equity

CENTRICA PLC

Utilities

335.90

5.03%

24.04.2013

15.11

15.11

15.36

15.99

16.49

16.51

-0.055 -0.055 -0.077 -0.126 -0.112 -0.122

0.013

0.013

0.011

0.005

0.001

0.001

STL NO Equity

STATOIL ASA

-0.010 -0.142 -0.165 -0.185 -0.185 -0.185

0.002

0.002 0.001

Energy

146.70

4.64%

16.05.2013

24.51

23.05

22.46

22.67

22.67

22.67

0.030

0.025

0.004

0.001

0.001

0.001

VOW3 GY Equity VOLKSWAGEN AG-PREF

Consumer Discretionary

146.35

2.56%

19.04.2013

30.71

29.94

29.76

29.40

30.81

30.57

30.97

-0.266 -0.228 -0.219 -0.190 -0.138 -0.104 -0.084 0.014

0.006

0.005

0.003

0.001

0.001

0.001

ITX SQ Equity

Consumer Discretionary

98.26

1.83%

02.05.2013

28.68

28.16

27.55

25.93

25.25

24.71

24.41

-0.153 -0.156 -0.163 -0.183 -0.191 -0.182 -0.170 0.002

0.002

0.001

0.001

0.001

0.001

0.000

ERICB SS Equity ERICSSON LM-B SHS

Information Technology

58.75

4.60%

10.04.2013

34.78

30.55

27.88

29.89

30.46

30.46

30.46

-0.091 -0.346 -0.225 -0.128 0.073

0.073

0.016

0.016

0.008

0.003 -0.001 -0.001 -0.001

VIV FP Equity

VIVENDI

Telecommunication Services 15.87

6.30%

06.05.2013

31.36

29.56

28.86

27.17

26.98

26.63

26.23

-0.251 -0.200 -0.187 -0.133 -0.014 -0.010 0.003

0.021

0.004

0.002

0.003

RR/ LN Equity

ROLLS-ROYCE HOLDINGS PLC

Industrials

884.00

2.23%

24.04.2013

19.12

19.12

19.68

21.40

-0.321 -0.321 -0.273 -0.132

0.010

0.010

0.008

0.003

MUV2 GY Equity

MUENCHENER RUECKVER AG-REG

Financials

126.90

5.12%

26.04.2013

16.56

17.01

17.76

19.23

20.47

19.58

20.22

-0.256 -0.255 -0.251 -0.211 -0.150 -0.116 -0.092 0.025

0.013

0.010

0.004

XTA LN Equity

XSTRATA PLC

Materials

959.60

2.78%

01.05.2013

33.07

33.27

33.74

34.49

35.61

34.89

34.91

-0.165 -0.207 -0.220 -0.214 -0.070 -0.090 -0.076 0.012

0.007

GLE FP Equity

SOCIETE GENERALE

Financials

25.16

1.99%

31.05.2013

44.74

43.92

43.37

41.67

41.46

40.66

41.07

-0.344 -0.299 -0.279 -0.231 -0.185 -0.153 -0.151 0.012

0.005

BMW GY Equity

BAYERISCHE MOTOREN WERKE AG

Consumer Discretionary

60.64

4.29%

15.05.2013

30.16

29.55

29.54

29.16

29.88

29.15

29.65

-0.271 -0.255 -0.240 -0.189 -0.141 -0.120 -0.095 0.016

UCG IM Equity

UNICREDIT SPA

Financials

3.60

2.09%

20.05.2013

43.89

44.53

44.33

43.30

43.46

43.60

44.66

NDA SS Equity

NORDEA BANK AB

Financials

63.50

3.94%

25.03.2013

27.10

25.58

24.41

30.99

27.53

27.53

SREN VX Equity

SWISS RE AG

Financials

65.85

5.16%

17.04.2013

20.02

19.84

19.96

20.02

21.08

21.64

ENEL IM Equity

ENEL SPA

Utilities

2.92

4.97%

24.06.2013

26.99

26.93

26.93

26.91

27.11

ISP IM Equity

INTESA SANPAOLO

Financials

1.32

4.56%

24.06.2013

43.33

43.22

43.11

43.49

42.03

RI FP Equity

PERNOD-RICARD SA

Consumer Staples

88.54

1.86%

02.07.2013

20.79

20.64

20.75

21.29

FTE FP Equity

FRANCE TELECOM SA

Telecommunication Services 9.40

12.23%

10.06.2013

28.83

27.25

26.47

PHIA NA Equity

KONINKLIJKE PHILIPS ELECTRON

Industrials

18.83

3.98%

02.05.2013

27.53

25.79

DG FP Equity

VINCI SA

Industrials

34.39

5.23%

21.05.2013

28.56

ASML NA Equity

ASML HOLDING NV

Information Technology

41.22

23.49%

26.04.2013

33.89

RWE GY Equity

RWE AG

Utilities

35.31

5.66%

19.04.2013

SSE LN Equity

SSE PLC

Utilities

1447.00

5.82%

G IM Equity

ASSICURAZIONI GENERALI

Financials

12.29

2.85%

CPG LN Equity

COMPASS GROUP PLC

Consumer Discretionary

695.50

TLW LN Equity

TULLOW OIL PLC

Energy

1422.00

UL FP Equity

UNIBAIL-RODAMCO SE

Financials

171.55

IBE SQ Equity

IBERDROLA SA

Utilities

EI FP Equity

ESSILOR INTERNATIONAL

Health Care

VOLVB SS Equity VOLVO AB-B SHS

Industrials

ADS GY Equity

ADIDAS AG

Consumer Discretionary

DPW GY Equity

DEUTSCHE POST AG-REG

EXPN LN Equity

EXPERIAN PLC

GLEN LN Equity

INDITEX

0.073

0.001

0.003

0.003

0.002

0.003

0.003

0.004

0.001 -0.001 0.000

0.000

0.004

0.002

0.002

0.003

0.003

0.007

0.005

0.002

0.001

0.001

0.002

-0.381 -0.358 -0.330 -0.287 -0.263 -0.389 -0.439 0.012

0.003

0.002

0.002

0.002

0.001

0.001

-0.460 -0.354 -0.380 -0.300 -0.073 -0.073

0.052

0.025

0.017

0.003 -0.001 -0.001

23.27

-0.335 -0.286 -0.262 -0.201 -0.131 -0.095 -0.067 0.028

0.015

0.012

0.005

0.003

0.002

0.001

27.32

27.19

-0.319 -0.321 -0.298 -0.239 -0.158 -0.155 -0.147 0.028

0.008

0.005

0.002

0.001

0.001

0.001

42.95

45.51

-0.348 -0.331 -0.300 -0.294 -0.144 -0.185 -0.118 0.012

0.002

0.001

0.001

0.001

0.001

0.002

21.97

23.13

22.82

-0.194 -0.265 -0.275 -0.238 -0.165 -0.111 -0.088 0.018

0.011

0.009

0.003

0.003

0.002

0.002

24.14

18.58

29.24

29.16

-0.114 -0.188 -0.204 -0.157 0.070

0.023

0.011

0.008

0.005

0.005 -0.010 -0.013

25.42

25.25

25.91

24.90

25.47

-0.235 -0.282 -0.281 -0.206 -0.122 -0.116 -0.087 0.018

0.008

0.006

0.003

0.001

0.002

0.002

28.43

28.52

28.27

29.97

29.13

29.65

-0.251 -0.242 -0.229 -0.178 -0.096 -0.157 -0.162 0.019

0.006

0.004

0.002

0.000

0.000

0.000

28.63

35.53

47.00

46.98

34.67

31.09

-0.175 1.003

18.46

19.84

20.40

20.76

22.66

22.27

23.32

-0.231 -0.279 -0.283 -0.222 -0.140 -0.110 -0.080 0.028

0.011

0.007

0.003

23.01.2013

14.60

14.60

14.54

14.97

-0.117 -0.117 -0.118 -0.131

20.05.2013

31.94

32.98

33.13

32.59

33.21

33.31

35.85

3.15%

23.01.2013

16.10

16.10

16.08

16.73

17.62

17.62

0.91%

17.04.2013

25.68

25.68

26.26

27.82

4.84%

07.05.2013

17.66

17.55

17.75

18.07

19.64

19.64

19.64

3.92

8.57%

02.01.2013

36.85

35.47

35.80

33.42

31.80

34.20

34.92

-0.125 -0.123 -0.108 -0.079 0.015

71.36

1.37%

24.05.2013

20.87

20.27

20.24

20.53

21.53

20.76

20.11

91.95

3.81%

05.04.2013

31.32

29.94

28.98

30.54

29.78

-0.320 -0.284 -0.259 -0.186 -0.078

67.32

1.86%

10.05.2013

24.00

23.12

22.93

23.23

24.54

24.88

Industrials

15.57

4.63%

10.05.2013

20.42

20.29

20.46

21.07

22.35

22.15

Industrials

1086.00

2.00%

19.12.2012

16.16

16.16

16.67

18.07

GLENCORE INTERNATIONAL PLC

Materials

339.30

2.91%

15.05.2013

30.82

31.13

31.44

33.31

31.59

SHBA SS Equity

SVENSKA HANDELSBANKEN-A SHS

Financials

242.50

4.23%

27.03.2013

20.30

19.16

18.63

20.98

21.73

WPP LN Equity

WPP PLC

Consumer Discretionary

855.00

3.42%

05.06.2013

20.30

20.30

20.67

21.59

BA/ LN Equity

BAE SYSTEMS PLC

Industrials

329.90

5.94%

17.04.2013

25.62

24.51

24.02

23.16

SHP LN Equity

SHIRE PLC

Health Care

1829.00

0.59%

06.03.2013

28.94

28.32

27.80

27.21

FRE GY Equity

FRESENIUS SE & CO KGAA

Health Care

96.60

1.11%

14.05.2013

17.06

16.91

17.27

18.59

20.70 23.94

23.37

30.98

0.344

0.178

1.025

0.309

1.000

0.007 -0.006 -0.009 -0.009 -0.003 -0.017 -0.010 0.002

0.001

0.001

0.003

0.003

0.003

0.003

-0.427 -0.335 -0.310 -0.245 -0.131 -0.118 -0.081 0.018

0.004

0.002

0.001

0.001

0.000 -0.001

-0.164 -0.164 -0.168 -0.177 -0.169 -0.169

0.012

0.012

0.010

0.004

0.004

0.004

-0.154 -0.154 -0.143 -0.097

0.003

0.003

0.003

0.002

-0.403 -0.326 -0.296 -0.220 -0.129 -0.129 -0.129 0.019

0.011

0.009

0.005

0.002

0.002

0.002

0.007

0.004

0.003

0.002

0.000

0.001

0.000

-0.309 -0.302 -0.280 -0.202 -0.138 -0.147 -0.135 0.024

0.011

0.008

0.004

0.002

0.002

0.003

0.027

0.011

0.006

0.003

0.003

25.62

-0.318 -0.306 -0.289 -0.229 -0.156 -0.113 -0.084 0.020

0.010

0.008

0.004

0.002

0.001

0.000

22.91

-0.223 -0.274 -0.270 -0.189 -0.127 -0.094 -0.080 0.033

0.014

0.010

0.004

0.002

0.001

0.001

-0.221 -0.221 -0.209 -0.151

0.006

0.006

0.005

0.003

-0.215 -0.194 -0.179 -0.088 -0.074 0.199 -0.009 0.005

0.006

0.005 -0.001 0.002 -0.001 0.000

-0.163 -0.281 -0.285 -0.233 0.045

0.039

0.017

0.012

0.005 -0.001

-0.281 -0.281 -0.253 -0.165

0.013

0.013

0.011

0.002

0.062

0.019 -0.004 -0.034 -0.023 -0.023

0.007

0.007

0.006

0.002

0.001

0.001

0.064

0.043

0.007

0.009

0.008

0.004

-0.424 -0.285 -0.234 -0.150 -0.106 -0.110 -0.105 0.017

0.009

0.007

0.004

0.002

0.001

0.001

-0.332 -0.318 -0.327 -0.253 0.080

0.046

0.021

0.012

0.006

0.001

-0.219 -0.219 -0.203 -0.147

0.004

0.004

0.004

0.003

32.31

23.37 22.29

0.875

0.177

22.49

0.031

0.206

0.417

0.014

SWEDA SS Equity SWEDBANK AB - A SHARES

Financials

120.80

4.88%

28.03.2013

25.95

24.34

23.50

25.56

PSON LN Equity

PEARSON PLC

Consumer Discretionary

1239.00

3.68%

03.04.2013

17.59

17.59

17.70

18.41

AV/ LN Equity

AVIVA PLC

Financials

336.90

7.72%

20.03.2013

27.30

27.95

28.27

30.27

28.49

32.47

33.59

-0.329 -0.296 -0.278 -0.252 -0.054 -0.168 -0.204 0.005

0.007

0.006

0.002

0.001

0.000

0.000

FME GY Equity

FRESENIUS MEDICAL CARE AG &

Health Care

58.72

1.28%

13.05.2013

18.96

17.99

17.86

18.13

19.21

20.21

21.42

-0.204 -0.189 -0.187 -0.173 -0.125 -0.109 -0.095 0.027

0.012

0.009

0.004

0.002

0.001

0.001

REP SQ Equity

REPSOL SA

Energy

15.47

5.43%

03.01.2013

37.79

38.69

39.60

37.63

38.13

39.15

39.12

-0.226 -0.314 -0.306 -0.176 -0.170 -0.008 0.007 -0.002 0.000

0.001

0.001

0.001 -0.003 -0.003

SAMAS FH Equity SAMPO OYJ-A SHS

Financials

24.93

5.01%

15.04.2013

22.42

20.75

20.33

19.74

-0.247 -0.248 -0.247 -0.205

HOLN VX Equity

HOLCIM LTD-REG

Materials

64.20

1.95%

09.05.2013

22.68

22.20

22.33

22.90

24.63

24.46

SGO FP Equity

COMPAGNIE DE SAINT-GOBAIN

Industrials

26.59

4.89%

10.06.2013

37.04

36.01

35.67

34.50

34.72

35.44

TLSN SS Equity

TELIASONERA AB

Telecommunication Services 45.98

7.07%

04.04.2013

20.66

18.49

17.07

20.88

21.56

21.56

ATCOA SS Equity ATLAS COPCO AB-A SHS

Industrials

153.80

3.41%

22.04.2013

31.02

29.81

28.67

28.94

27.89

SAND SS Equity

SANDVIK AB

Industrials

89.00

4.27%

03.05.2013

30.35

29.66

29.28

31.61

34.14

ML FP Equity

MICHELIN (CGDE)

Consumer Discretionary

62.38

3.69%

24.05.2013

29.17

29.10

29.35

29.78

30.69

31.21

HEN3 GY Equity

HENKEL AG & CO KGAA VORZUG

20.19

19.97

20.09

20.73

22.12

22.06

0.022

0.010

0.008

0.004

24.91

-0.443 -0.307 -0.267 -0.218 -0.139 -0.123 -0.122 0.016

0.009

0.007

0.003

0.002

36.73

-0.199 -0.217 -0.216 -0.157 -0.081 -0.094 -0.012 0.015

0.007

0.005

0.002

0.001 -0.001 -0.002

21.56

-0.246 -0.187 -0.175 -0.159 0.140

0.068

0.038

0.021

0.007 -0.005 -0.005 -0.005

-0.599 -0.364 -0.284 -0.201 -0.120

0.034

0.011

0.005

0.003

-0.246 -0.261 -0.248 -0.137 0.069

0.033

0.012

0.006

0.001 -0.002

-0.284 -0.276 -0.262 -0.202 -0.144 -0.116

0.016

0.007

0.006

0.003

0.002

0.001

-0.249 -0.248 -0.249 -0.228 -0.157 -0.130 -0.120 0.022

0.011

0.009

0.004

0.002

0.002

-0.021 -0.021 0.022

0.005

0.005

0.004 0.000 -0.003 -0.003

0.140

Consumer Staples

63.73

1.43%

16.04.2013

KNEBV FH Equity KONE OYJ-B

Industrials

57.75

2.51%

05.03.2013

SDRL NO Equity

SEADRILL LTD

Energy

227.40

8.68%

10.12.2012

20.11

20.11

22.06

MT NA Equity

ARCELORMITTAL

Materials

11.58

4.97%

15.02.2013

38.96

39.18

38.85

38.37

-0.181 -0.211 -0.192 -0.116 0.007 -0.005 -0.023 0.010

0.004

0.004

0.002

TEL NO Equity

TELENOR ASA

Telecommunication Services 108.90

5.33%

17.05.2013

22.65

22.69

23.48

28.40

-0.491 -0.401 -0.179 -0.141

0.047

0.023

0.005

0.002

OML LN Equity

OLD MUTUAL PLC

Financials

175.10

3.60%

17.04.2013

21.97

21.97

22.22

22.71

-0.228 -0.228 -0.216 -0.172

0.009

0.009

0.008

0.003

HEIA NA Equity

HEINEKEN NV

Consumer Staples

48.76

AKZA NA Equity

AKZO NOBEL

Materials

ARM LN Equity

ARM HOLDINGS PLC

Information Technology

CRH ID Equity

CRH PLC

Materials

SEBA SS Equity PP FP Equity

SKANDINAVISKA ENSKILDA BAN-A PPR

Financials Consumer Discretionary

38.44

42.19

22.17

0.140

43.26

0.002

0.002

0.005

0.001

1.91%

23.04.2013

21.27

20.15

19.83

19.57

19.68

19.58

19.64

-0.417 -0.308 -0.269 -0.205 -0.135 -0.126 -0.110 0.023

0.013

0.010

0.005

0.003

0.002

0.003

43.22

3.47%

22.10.2012

31.30

28.26

27.46

26.11

25.83

25.34

25.52

-0.015 -0.146 -0.171 -0.161 -0.115 -0.102 -0.076 0.009

0.005

0.004

0.003

0.001

0.001

0.001

592.50

0.76%

01.05.2013

28.48

28.48

29.12

31.15

-0.113 -0.113 -0.104 -0.072

0.006

0.006

0.005

0.001

13.83

4.54%

06.03.2013

36.19

34.22

33.88

34.86

33.47

33.84

-0.271 -0.318 -0.252 -0.084 -0.193 -0.213

0.010

0.002

0.001 -0.001 0.001

0.001

55.70 132.20

3.32% 3.03%

01.04.2013 02.05.2013

29.25 23.03

26.78 22.29

25.39 22.30

26.86 22.43

26.43 23.41

24.16

-0.177 -0.231 -0.310 -0.212 -0.030 0.031 -0.169 -0.234 -0.226 -0.149 -0.108 -0.091 -0.060 0.017

0.019 0.006

0.012 0.004

0.001

24.37

Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |

0.005 0.003

0.000 0.001

0.001


16.10.2012

Option Implied Volatility Skew Parameters by Terms: IVt = atx + btx2 + ct

At The Money Implied Volatilities by Terms

Stoxx 600 Index

Ticker

Name

LGEN LN Equity LEGAL & GENERAL GROUP PLC CA FP Equity CARREFOUR SA UHR VX Equity SWATCH GROUP AG/THE-BR EAD FP Equity EADS NV REL LN Equity REED ELSEVIER PLC WOS LN Equity WOLSELEY PLC TEC FP Equity TECHNIP SA BSY LN Equity BRITISH SKY BROADCASTING GRO AH NA Equity KONINKLIJKE AHOLD NV SGSN VX Equity SGS SA-REG DNB NO Equity DNB ASA SPM IM Equity SAIPEM SPA RRS LN Equity RANDGOLD RESOURCES LTD SAF FP Equity SAFRAN SA SL/ LN Equity STANDARD LIFE PLC SCAB SS Equity SVENSKA CELLULOSA AB-B SHS ASSAB SS Equity ASSA ABLOY AB-B LG FP Equity LAFARGE SA DANSKE DC EquityDANSKE BANK A/S KGF LN Equity KINGFISHER PLC MRW LN Equity WM MORRISON SUPERMARKETS DB1 GY Equity DEUTSCHE BOERSE AG TIT IM Equity TELECOM ITALIA SPA NOK1V FH Equity NOKIA OYJ LAND LN Equity LAND SECURITIES GROUP PLC MKS LN Equity MARKS & SPENCER GROUP PLC INVEB SS Equity INVESTOR AB-B SHS PUB FP Equity PUBLICIS GROUPE REN NA Equity REED ELSEVIER NV AGN NA Equity AEGON NV AGK LN Equity AGGREKO PLC MAERSKB DC Equity AP MOELLER-MAERSK A/S-B PAH3 GY Equity PORSCHE AUTOMOBIL HLDG-PRF NXT LN Equity NEXT PLC SN/ LN Equity SMITH & NEPHEW PLC RNO FP Equity RENAULT SA CARLB DC Equity CARLSBERG AS-B LR FP Equity LEGRAND SA YAR NO Equity YARA INTERNATIONAL ASA SCMN VX Equity SWISSCOM AG-REG TEN IM Equity TENARIS SA ACA FP Equity CREDIT AGRICOLE SA TKA GY Equity THYSSENKRUPP AG RBS LN Equity ROYAL BANK OF SCOTLAND GROUP CBK GY Equity COMMERZBANK AG SESG FP Equity SES RYA ID Equity RYANAIR HOLDINGS PLC GEBN VX Equity GEBERIT AG-REG DSM NA Equity KONINKLIJKE DSM NV MRK GY Equity MERCK KGAA FI IM Equity FIAT INDUSTRIAL SDF GY Equity K+S AG-REG SWMA SS Equity SWEDISH MATCH AB SKFB SS Equity SKF AB-B SHARES BRBY LN Equity BURBERRY GROUP PLC FUM1V FH Equity FORTUM OYJ KPN NA Equity KONINKLIJKE KPN NV UU/ LN Equity UNITED UTILITIES GROUP PLC SBRY LN Equity SAINSBURY (J) PLC ANTO LN Equity ANTOFAGASTA PLC AMS SQ Equity AMADEUS IT HOLDING SA-A SHS CPI LN Equity CAPITA PLC ABF LN Equity ASSOCIATED BRITISH FOODS PLC CON GY Equity CONTINENTAL AG SW FP Equity SODEXO BLND LN Equity BRITISH LAND CO PLC JMAT LN Equity JOHNSON MATTHEY PLC SAB SQ Equity BANCO DE SABADELL SA SRG IM Equity SNAM SPA BEI GY Equity BEIERSDORF AG BAER VX Equity JULIUS BAER GROUP LTD KYG ID Equity KERRY GROUP PLC-A GIVN VX Equity GIVAUDAN-REG HEI GY Equity HEIDELBERGCEMENT AG DE NA Equity DE MASTER BLENDERS1753 NV CDI FP Equity CHRISTIAN DIOR ALO FP Equity ALSTOM SOLB BB Equity SOLVAY SA ITRK LN Equity INTERTEK GROUP PLC IFX GY Equity INFINEON TECHNOLOGIES AG CCL LN Equity CARNIVAL PLC IHG LN Equity INTERCONTINENTAL HOTELS GROU NZYMB DC Equity NOVOZYMES A/S-B SHARES DSY FP Equity DASSAULT SYSTEMES SA BNR GY Equity BRENNTAG AG GTO FP Equity GEMALTO WTB LN Equity WHITBREAD PLC SMIN LN Equity SMITHS GROUP PLC ADEN VX Equity ADECCO SA-REG ORK NO Equity ORKLA ASA PFC LN Equity PETROFAC LTD CAP FP Equity CAP GEMINI RSA LN Equity RSA INSURANCE GROUP PLC SUBC NO Equity SUBSEA 7 SA LXS GY Equity LANXESS AG SVT LN Equity SEVERN TRENT PLC REX LN Equity REXAM PLC KNIN VX Equity KUEHNE & NAGEL INTL AG-REG EDP PL Equity EDP-ENERGIAS DE PORTUGAL SA EN FP Equity BOUYGUES SA SKAB SS Equity SKANSKA AB-B SHS EBS AV Equity ERSTE GROUP BANK AG ADN LN Equity ABERDEEN ASSET MGMT PLC SGE LN Equity SAGE GROUP PLC/THE EDF FP Equity EDF KD8 GY Equity KABEL DEUTSCHLAND HOLDING AG SCHP VX Equity SCHINDLER HOLDING-PART CERT GBLB BB Equity GROUPE BRUXELLES LAMBERT SA GFS LN Equity G4S PLC UPM1V FH Equity UPM-KYMMENE OYJ ATLN VX Equity ACTELION LTD-REG WEIR LN Equity WEIR GROUP PLC/THE AGS BB Equity AGEAS WRT1V FH Equity WARTSILA OYJ ABP BNZL LN Equity BUNZL PLC WKL NA Equity WOLTERS KLUWER ABE SQ Equity ABERTIS INFRAESTRUCTURAS SA GETIB SS Equity GETINGE AB-B SHS ELUXB SS Equity ELECTROLUX AB-SER B LUX IM Equity LUXOTTICA GROUP SPA UMI BB Equity UMICORE UCB BB Equity UCB SA AMEC LN Equity AMEC PLC AKE FP Equity ARKEMA ALFA SS Equity ALFA LAVAL AB BVI FP Equity BUREAU VERITAS SA

GICS_SECTOR_NAME

ATM Ref

Financials 136.20 Consumer Staples 16.38 Consumer Discretionary 381.90 Industrials 26.55 Consumer Discretionary 617.00 Industrials 2682.00 Energy 87.70 Consumer Discretionary 754.50 Consumer Staples 9.56 Industrials 2012.00 Financials 73.60 Energy 35.25 Materials 7685.00 Industrials 30.18 Financials 291.50 Consumer Staples 119.50 Industrials 217.30 Materials 44.48 Financials 105.70 Consumer Discretionary 279.70 Consumer Staples 267.10 Financials 41.35 Telecommunication Services 0.76 Information Technology 2.10 Financials 805.50 Consumer Discretionary 390.30 Financials 145.80 Consumer Discretionary 43.05 Consumer Discretionary 10.51 Financials 4.27 Industrials 2278.00 Industrials 40680.00 Consumer Discretionary 48.07 Consumer Discretionary 3610.00 Health Care 668.00 Consumer Discretionary 35.15 Consumer Staples 520.00 Industrials 29.15 Materials 286.60 Telecommunication Services 384.90 Energy 15.17 Financials 6.30 Materials 17.97 Financials 276.90 Financials 1.55 Consumer Discretionary 21.17 Industrials 4.55 Industrials 205.70 Materials 39.14 Health Care 100.35 Industrials 7.87 Materials 36.79 Consumer Staples 263.90 Industrials 144.60 Consumer Discretionary 1145.00 Utilities 14.18 Telecommunication Services 5.95 Utilities 730.50 Consumer Staples 356.70 Materials 1282.00 Information Technology 19.02 Industrials 735.00 Consumer Staples 1361.00 Consumer Discretionary 75.56 Consumer Discretionary 61.12 Financials 538.50 Materials 2285.00 Financials 2.00 Utilities 3.53 Consumer Staples 58.97 Financials 32.73 Consumer Staples 40.44 Materials 944.50 Materials 40.24 Consumer Staples 9.53 Consumer Discretionary 109.55 Industrials 27.33 Materials 94.51 Industrials 2826.00 Information Technology 5.13 Consumer Discretionary 2410.00 Consumer Discretionary 1594.00 Materials 163.20 Information Technology 82.94 Industrials 100.65 Information Technology 68.07 Consumer Discretionary 2375.00 Industrials 1056.00 Industrials 47.74 Industrials 46.74 Energy 1619.00 Information Technology 32.34 Financials 115.00 Energy 131.20 Materials 59.90 Utilities 1693.00 Materials 458.50 Industrials 106.00 Utilities 2.10 Industrials 19.55 Industrials 103.40 Financials 19.09 Financials 334.90 Information Technology 309.30 Utilities 16.79 Consumer Discretionary 56.39 Industrials 120.40 Financials 57.66 Industrials 267.10 Materials 8.73 Health Care 47.63 Industrials 1741.00 Financials 19.83 Industrials 26.53 Industrials 1110.00 Consumer Discretionary 15.00 Industrials 11.93 Health Care 196.20 Consumer Discretionary 162.70 Consumer Discretionary 28.31 Materials 39.29 Health Care 44.88 Energy 1102.00 Materials 74.23 Industrials 120.80 Industrials 81.95

Dividend Yield 5.54% 4.03% 1.75% 2.26% 3.74% 2.57% 1.92% 3.48% 4.60% 1.49% 2.72% 2.18% 0.52% 2.58% 5.09% 3.85% 2.49% 1.35% 1.42% 3.48% 4.58% 5.80% 5.63%

Next ExDividend Date

4.56%

17.04.2013 04.07.2013 21.05.2013 04.06.2013 24.04.2013 03.04.2013 09.05.2013 27.03.2013 26.04.2013 18.03.2013 26.04.2013 20.05.2013 08.05.2013 18.12.2012 20.03.2013 08.04.2013 02.05.2013 03.07.2013 19.03.2013 01.05.2013 15.05.2013 16.05.2013 20.05.2013 03.05.2013 28.11.2012 14.11.2012 15.04.2013 27.06.2013 25.04.2013 16.05.2013 17.04.2013 15.04.2013 24.06.2013 26.06.2013 17.04.2013 10.05.2013 25.03.2013 31.05.2013 10.05.2013 12.04.2013 19.11.2012 27.05.2013 21.01.2013 27.02.2013 24.05.2013 19.04.2013

3.06% 3.88% 1.74% 2.80% 3.81% 2.84% 3.80% 2.40% 7.05% 5.89% 4.70% 4.65% 1.16% 2.21% 3.29% 2.13% 2.65% 2.68% 4.94% 2.65% 2.00% 7.08% 1.36% 2.26% 0.89% 2.65% 1.37%

22.04.2013 15.05.2013 29.04.2013 22.04.2013 10.05.2013 03.05.2013 24.04.2013 19.12.2012 01.04.2013 11.04.2013 12.12.2012 21.11.2012 08.05.2013 30.01.2013 17.04.2013 05.12.2012 16.05.2013 01.02.2013 09.01.2013 28.11.2012 18.12.2012 20.05.2013 29.04.2013 12.04.2013 10.04.2013 26.03.2013 03.05.2013

2.61% 3.48% 3.24% 1.42% 2.34% 2.57% 2.53% 1.29% 0.94% 2.38% 0.50% 2.32% 3.66% 3.98% 5.88% 2.55% 3.09% 8.22% 2.16% 1.59% 4.48% 3.51% 4.06% 8.80% 8.19% 6.04% 2.10% 3.40% 3.46% 7.15% 2.66% 2.08% 4.74% 3.43% 6.87% 1.68% 2.19% 4.79% 3.49% 2.53% 4.80% 5.53% 2.04% 4.00% 1.91% 2.93% 2.30% 3.04% 2.16% 3.31% 1.77%

22.04.2013 27.06.2013 17.01.2013 05.06.2013 08.03.2013 20.02.2013 20.03.2013 28.02.2013 14.06.2013 20.06.2013 24.05.2013 31.10.2012 20.03.2013 03.05.2013 19.04.2013 17.04.2013 04.06.2013 27.03.2013 25.06.2013 16.05.2013 05.12.2012 08.05.2013 10.05.2013 13.05.2013 30.04.2013 08.04.2013 17.05.2013 05.12.2012 06.02.2013 13.12.2012 14.10.2013 18.03.2013 26.04.2013 08.05.2013 08.04.2013 06.05.2013 01.05.2013 29.04.2013 04.03.2013 08.05.2013 29.04.2013 31.10.2012 29.04.2013 03.04.2013 20.05.2013 26.04.2013 02.05.2013 28.11.2012 29.05.2013 29.04.2013 11.06.2013

3.77% 4.41% 4.12% 1.97% 4.79% 5.15% 1.07% 2.46% 2.18% 2.77% 2.48% 4.89% 1.15% 3.29% 2.62% 5.72% 2.48% 0.79% 2.23%

Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew ATM Vol - ATM Vol - ATM Vol - ATM Vol - ATM Vol - ATM Vol - ATM Vol (a) (a) (a) (a) (a) (a) (a) (b) (b) (b) (b) (b) (b) (b) 30D 60D 90D 6M 12M 18M 24M 30D 60D 90D 6M 12M 18M 24M 30D 60D 90D 6M 12M 18M 24M 20.56 34.20 23.52 29.18 16.69 24.66 28.26 16.12 17.22 17.10 29.28 26.53 37.36 24.49 16.24 24.56 28.06 32.92 24.29 19.40 16.25 25.13 36.45 73.02 13.46 24.57 18.48 22.81 21.25 35.91

20.37 32.74 22.80 27.86 16.69 24.66 28.26 16.47 16.94 17.19 28.03 26.99 37.36 24.49 16.24 21.83 27.23 31.91 24.70 20.48 15.72 24.70 36.13 68.74 14.21 23.10 17.55 21.73 19.01 34.59

21.03 32.45 23.15 27.50 17.00 25.02 28.77 16.98 16.98 17.55 30.33 27.32 37.27 25.40 18.01 21.06 26.05 31.58 25.62 20.99 15.97 24.67 35.92 68.86 14.71 22.82 17.37 21.75 18.64 34.28

22.62 32.50 24.13 27.04 17.56 25.86 30.00 18.73 17.05 18.88 32.44 28.08 36.99 27.90 22.23 23.31 26.52 31.44 28.32 21.83 16.96 24.06 34.90 69.16 16.07 23.06 19.45 22.38 18.63 33.61

29.23 30.90 18.03 16.96 42.40 24.62 26.64 31.32 13.55 27.83 47.33 35.14 38.56 39.52

27.37 31.08 18.03 16.96 39.94 23.07 26.64 31.58 13.07 27.34 45.39 35.73 38.09 42.64

27.16 31.09 18.53 17.23 39.20 23.18 26.96 31.91 13.06 27.43 44.63 35.49 37.95 43.64

27.27 31.63 20.08 18.09 38.06 24.80 27.45 35.47 13.33 28.00 43.31 35.00 38.09 44.67

21.86 18.58 23.05 21.44 34.48 23.01 23.88 32.45 27.40 24.20 33.82 26.57 17.64 33.34 27.28

22.58 17.79 22.30 20.49 34.38 22.40 21.83 28.85 26.78 23.02 30.16 26.57 17.54 33.34 26.16

22.37 17.86 22.23 20.19 34.45 22.82 21.44 27.91 27.12 22.93 28.90 25.81 17.68 33.44 25.30

21.46 18.00 22.52 20.15 33.84 24.16 21.22 28.75 28.18 24.63 28.80 23.37 18.31 33.84 23.71

11.73 29.63 19.62 16.87

11.73 29.81 19.62 16.87

11.81 29.86 19.28 17.17

12.07 30.10 18.88 17.56

34.50 17.08 19.18 21.78 23.71 14.18 32.31 19.17 23.11 35.07 30.54

36.57 17.16 19.07 22.00 22.20 14.63 32.14 19.80 23.11 33.97 29.30

36.50 17.33 18.98 22.73 22.01 15.24 32.36 20.30 23.54 33.82 28.85

44.81 18.55 21.34 25.54 20.90 20.09 25.25 19.43

42.35 18.55 21.34 25.34 20.90 21.32 25.15 19.43

40.76 28.07 23.07 36.67 18.37 33.76 34.44 17.42

23.53 31.88 25.52 27.80

23.53 31.92 26.07 27.33

30.53 19.59 17.84 20.25

29.11 19.59 16.94 21.22

29.58

29.58

29.50

29.50

32.28 26.38 28.15

19.59 17.33

23.91 26.19 33.03

32.76

33.60

25.32 37.36 68.29

24.04 34.11 66.70

24.70 33.77 69.40

23.91 21.21 23.04 18.25 33.88

24.32

24.71

23.52 18.27 32.65

23.77 18.61 33.53

31.06

32.08

32.04

40.04

38.08

39.94

27.21

27.21

12.83

13.27

14.11

41.95 35.39 39.54 44.18

39.95 36.16 40.19 43.56

40.17 36.01 41.38 43.33

22.01 18.62 23.19 21.21 33.59 25.26

21.91 19.14 23.55 21.30 33.59 25.20

24.45 21.56

29.19 28.96

29.45

27.99

27.72

18.99

18.99

22.16

21.49

25.98

29.62

21.52

32.29 19.09

32.18 18.63

32.71 18.53

34.83 17.36 18.74 24.99 23.01 16.80 32.92 21.39 24.68 34.31 28.68

34.02 17.60 19.27 26.28 24.72 17.53 34.08

34.13 17.60 19.65 26.34 24.67 18.47 33.75

33.76

25.61 35.56 29.28

25.61 36.17 29.28

36.74

40.40 19.07 21.89 25.30 21.13 21.95 25.10 19.89

37.77 21.17 23.80 25.60 21.80 22.98 25.01 20.70

38.51

39.80

39.83

22.75 24.20 25.13

22.75 23.91 25.11

24.50

38.17 24.36 23.07 35.16 17.79 33.76 33.25 17.42

36.72 24.45 23.80 34.58 17.99 33.42 32.96 17.54

33.36 21.83 26.12 33.93 19.54 32.93 32.89 18.10

32.19

31.89

33.08

34.48 18.69

35.35 18.69

35.48

33.91

34.32

34.57

24.81

23.89

24.02

24.37

26.00

23.23

31.61 22.00 34.41

30.92 20.84 34.49

30.60 20.26 34.50

29.06 22.73 34.54

30.54 22.14 35.03

30.58

21.48 21.85 23.98 16.94 15.65

21.48 21.45 24.32 16.91 15.70

21.45 21.63 24.67 16.97 15.99

22.15 22.62 25.97 16.53 16.23

24.34 27.24 14.68 16.14

27.49 27.87 14.60 16.14

30.39 33.62

29.45 33.19

29.43 32.98

31.80 32.39

32.37

32.08

33.09

33.36

33.41

32.69

34.33

34.07

17.53 25.61 22.09 32.80 17.58 26.81 21.58

17.47 25.20 20.43 30.10 18.80 27.15 21.60

17.92 24.71 20.89 28.56 19.40 27.16 22.16

19.18 24.00 22.36 31.03 20.39 26.81 23.76

21.04 23.74

20.62 23.37

31.42 21.68 27.07 25.16

21.68 27.07 25.16

33.93 30.75 14.62

33.93 28.80 14.55

33.51 26.99 14.51

32.68 28.31 14.38

34.96 30.57 14.57

20.21 26.76

33.95

14.30

-0.326 -0.213 -0.200 -0.163 -0.211 -0.114 -0.259 -0.194 -0.161 -0.292 -0.135 -0.343 0.003 -0.142 -0.279 -0.104 -0.250 -0.275 -0.240 -0.196 -0.146 -0.314 -0.275 -0.056 -0.199 -0.083 -0.257 -0.209 -0.152 -0.210

-0.284 -0.211 -0.219 -0.165 -0.209 -0.105 -0.237 -0.175 -0.188 -0.286 -0.205 -0.293 -0.010 -0.145 -0.292 -0.171 -0.229 -0.253 -0.201 -0.204 -0.134 -0.300 -0.226 -0.081 -0.195 -0.100 -0.245 -0.222 -0.206 -0.226

-0.210 -0.170 -0.183 -0.122 -0.185 -0.080 -0.168 -0.101 -0.113 -0.234 -0.274 -0.211 -0.045 -0.149 -0.278 -0.099 -0.154 -0.209 -0.122 -0.139 -0.107 -0.218 -0.122 -0.160 -0.153 -0.108 -0.166 -0.198 -0.154 -0.222

-0.205 -0.069 -0.119 -0.075

-0.205 0.011 -0.063 -0.091 0.020 -0.098 -0.092 0.011 -0.065 -0.053 0.013 0.005 0.002 -0.100 0.003 -0.029 -0.029 0.003 -0.044 -0.004 0.029 -0.138 0.007 0.060 -0.098 0.005 0.001 -0.128 0.006 0.008 0.032 0.030 -0.078 -0.023 0.017 0.046 -0.002 0.003 -0.102 -0.088 0.020 -0.021 -0.077 0.026 -0.144 -0.070 0.007 0.003 -0.077 -0.083 0.005 0.049 -0.102 -0.090 0.019 -0.054 -0.029 0.028 -0.063 -0.024 0.025

0.011 0.007 0.006 0.005 0.005 0.002 0.003 0.007 0.020 0.010 0.022 0.004 0.001 0.006 0.008 0.017 0.011 0.007 0.012 0.002 0.002 0.009 0.008 0.003 0.005 0.009 0.026 0.008 0.018 0.010

0.009 0.003 0.002 0.004 0.002 0.002 0.005 0.003 0.001 0.004 0.002 0.001 0.005 0.004 0.002 0.001 0.003 0.002 0.002 0.006 0.003 0.004 0.015 0.004 0.001 0.010 0.005 0.002 0.007 0.000 0.004 0.001 0.000 0.000 -0.001 0.005 0.003 0.001 0.007 0.002 0.012 0.004 -0.001 0.006 0.002 0.002 0.005 0.003 0.001 0.004 0.002 0.003 0.003 0.002 0.002 0.006 0.003 0.001 0.005 0.002 -0.001 0.002 0.002 0.003 0.005 0.003 0.008 0.003 0.002 0.016 0.003 0.000 0.006 0.002 0.002 0.014 0.004 0.002 0.007 0.002 0.001

-0.057 -0.257 -0.236 -0.270 -0.252 -0.159 -0.112 -0.179 0.027 -0.219 -0.255 -0.272 -0.229 -0.288

-0.080 -0.208 -0.236 -0.270 -0.226 -0.118 -0.112 -0.166 -0.143 -0.243 -0.273 -0.210 -0.277 -0.124

-0.073 -0.173 -0.202 -0.244 -0.216 -0.094 -0.113 -0.118 -0.179 -0.224 -0.263 -0.173 -0.254 -0.104

-0.044 -0.130 -0.102 -0.153 -0.165 -0.055 -0.101 -0.172 -0.147 -0.143 -0.214 -0.102 -0.200 -0.132

0.006 -0.073 -0.105 -0.079 0.013 0.009 0.007 -0.064 -0.060 0.032 0.012 0.004 -0.117 -0.117 0.003 0.006 -0.078 -0.072 -0.077 0.016 0.010 -0.216 -0.168 -0.086 0.016 -0.083 -0.056 -0.036 0.019 -0.141 -0.112 -0.014 0.014 -0.131 -0.095 -0.092 0.042

0.002 0.005 0.009 0.007 0.005 0.001 0.003 0.001 0.013 0.003 0.005 0.006 0.007 0.011

0.001 0.004 0.007 0.006 0.003 0.000 0.002 0.000 0.011 0.003 0.003 0.004 0.005 0.006

0.000 0.001 0.002 0.001 0.001 0.002 0.004 0.001 -0.001 -0.001 -0.006 0.000 0.001 0.002 0.002 0.002 0.006 0.004 0.003 0.003 0.002 0.003 0.002 0.002 0.003 0.002 0.001 0.000 -0.001 0.003 0.002 0.000 -0.001 0.002 0.001 0.001 0.001

-0.084 -0.213 -0.277 -0.265 -0.236 -0.180 -0.193 -0.198 -0.174 -0.088 -0.097 0.230 0.049 -0.261 -0.136

-0.145 -0.328 -0.260 -0.284 -0.235 -0.247 -0.106 -0.278 -0.124 -0.210 -0.061 0.230 0.024 -0.261 -0.155

-0.159 -0.333 -0.237 -0.270 -0.233 -0.253 -0.067 -0.262 -0.107 -0.241 -0.066 0.196 -0.010 -0.242 -0.151

-0.167 -0.246 -0.183 -0.200 -0.174 -0.203 0.005 -0.157 -0.078 -0.190 -0.066 0.087 -0.083 -0.176 -0.132

-0.174 -0.162 -0.129 -0.120 -0.043 -0.138

-0.161 0.038 -0.131 0.018 -0.094 -0.063 0.020 -0.110 -0.110 0.019 -0.043 0.010 -0.148 -0.153 0.013 0.015 0.022 -0.064 0.013 0.016 0.045 0.092 0.024 -0.001 -0.065 0.011 0.004 -0.107 -0.108 0.003

0.016 0.011 0.011 0.010 0.003 0.008 0.005 0.011 0.005 0.006 0.012 -0.001 0.005 0.004 0.002

0.009 0.009 0.008 0.008 0.003 0.007 0.003 0.004 0.004 0.004 0.009 -0.001 0.003 0.003 0.001

0.001 0.006 0.003 0.004 0.002 0.003 0.001 0.000 0.001 0.002 0.003 -0.001 0.005 0.002 0.001

-0.176 -0.355 -0.231 -0.208

-0.176 -0.318 -0.231 -0.208

-0.133 -0.296 -0.213 -0.166

-0.006 0.007 -0.227 -0.139 -0.116 -0.097 0.010 -0.162 -0.117 -0.016 -0.007 0.006 -0.027 0.013

0.007 0.004 0.006 0.013

0.007 0.005 0.005 0.010

0.007 0.003 0.003 0.002

0.091 -0.191 -0.249 -0.251 -0.086 -0.424 -0.377 -0.050 -0.317 -0.264 -0.297

-0.009 -0.246 -0.183 -0.248 -0.122 -0.322 -0.365 -0.038 -0.317 -0.264 -0.260

-0.026 -0.245 -0.166 -0.233 -0.131 -0.282 -0.348 -0.036 -0.287 -0.248 -0.231

-0.043 -0.209 -0.130 -0.176 -0.134 -0.211 -0.269 -0.043 -0.194 -0.194 -0.158

-0.133 -0.270 -0.087 -0.103 -0.111 -0.117 -0.167

-0.039 -0.001 0.015 -0.098 0.012 -0.048 0.015 0.012 0.015 -0.141 0.009 0.026 -0.213 -0.213 0.005 -0.110 -0.095 -0.069 0.017 -0.071 -0.071 0.012

-0.002 0.009 0.010 0.007 0.004 0.011 0.006 0.009 0.005 0.007 0.004

-0.001 0.008 0.009 0.005 0.003 0.009 0.006 0.006 0.004 0.005 0.003

-0.365 -0.211 -0.213 -0.094 -0.260 -0.080 -0.085 -0.182

-0.333 -0.211 -0.213 -0.050 -0.260 -0.214 -0.009 -0.182

-0.300 -0.199 -0.208 -0.028 -0.242 -0.238 0.007 -0.142

-0.227 -0.153 -0.165 0.001 -0.177 -0.183 0.006 -0.041

-0.159 -0.156 -0.134 0.010 0.008 0.003 0.010 -0.126 -0.126 0.006 -0.150 -0.099 -0.097 0.013 0.003 0.001 0.009 0.012

0.005 0.008 0.003 0.001 0.006 0.005 0.001 0.012

-0.306 -0.448 -0.080 -0.256 -0.090 -0.286 -0.242 -0.050

-0.252 -0.302 -0.080 -0.224 -0.161 -0.286 -0.189 -0.050

-0.235 -0.237 -0.097 -0.210 -0.174 -0.274 -0.181 -0.056

-0.181 -0.213 -0.127 -0.169 -0.153 -0.220 -0.163 -0.057

-0.093 -0.087 -0.085 0.007 0.069 0.006 -0.116 -0.120 -0.113 0.017 -0.096 -0.096 0.001 0.006 -0.122 -0.117 -0.106 0.010 0.003

-0.131 -0.029 -0.025 -0.140 -0.098 -0.128 0.065 -0.084 -0.130

-0.130 0.070 -0.211 -0.070 0.075 -0.127 -0.087 -0.096

0.056 -0.079 0.002 -0.065 -0.104

-0.139 -0.270 -0.100 -0.068 -0.106 -0.095 -0.159

-0.176 -0.234 -0.239 -0.173 -0.079 -0.006

0.002 0.003 0.002 0.001 0.001 0.001

0.002 0.002 0.001 0.001

0.002 0.004 0.003 0.001

0.003 0.001 0.001

0.004 0.003

0.000 0.001

0.000 -0.002

0.002 0.000 0.002

0.002 0.001 0.001

0.002

0.002

0.002 0.002 0.002

0.002 0.003 0.001

0.001 0.003 0.001 0.001 0.001 0.001

0.000 0.001 0.001

-0.001 0.001 0.001 0.001

0.000 -0.001

0.003

0.003

0.001

0.001

0.001

0.001 0.002

0.001 0.003

0.001 0.003

0.001 0.006 0.004 0.003 0.002 0.005 0.003 0.002 0.003 0.002 0.003

0.002 0.004 0.002 0.002 0.003 0.003 0.001

0.001 0.004 0.001 0.002 0.003 0.002 0.001

0.001

0.004 0.001 0.002

0.004 0.000 -0.001 0.002

0.005 0.007 0.003 0.000 0.005 0.004 0.000 0.010

0.002 0.002 0.002 0.000 0.003 0.002 0.000 0.003

0.001

0.000

0.001

0.002 0.001 0.000

0.002 0.000 0.000

0.000

0.002 0.040 0.006 0.007 0.006 0.006 0.003 0.003

0.002 0.018 0.005 0.005 0.006 0.005 0.003 0.003

0.001 0.014 0.002 0.002 0.004 0.000 0.002 0.002

0.001

0.000

0.001

0.000 0.003

0.000 0.003

0.000

0.001

0.002

0.002

0.000

0.004

0.001 0.003

0.002

0.011

0.007

0.006

0.002

-0.191 -0.232 -0.226 -0.148 -0.059 -0.148 -0.104 0.016 -0.255 -0.213 -0.266 -0.178 0.072 0.056 -0.472 -0.193 -0.141 -0.109 0.442 0.558 0.043

0.007 0.028 0.013

0.006 0.012 0.007

0.002 0.000 0.000 -0.002 0.004 0.000 0.003 -0.002 -0.006

-0.244 -0.252 -0.140 -0.186 -0.209

0.008 0.013 0.000 0.004 0.019

0.007 0.009 0.001 0.002 0.014

0.004 0.005 0.002 0.002 0.005

0.002 0.001 0.003 0.002

0.002 0.001 0.006 0.002

0.015 0.009

0.002 0.006

0.001 0.005

0.002 0.001

0.001

0.001

34.95

-0.240 -0.226 -0.216 -0.131 -0.025 -0.024 -0.015 0.015

0.004

0.003

0.003

0.001

0.000

21.33 23.32

-0.350 -0.213 -0.250 -0.211 -0.314 -0.299 -0.306

0.015 0.001 0.018 0.008 0.006 0.007 0.009

0.011 0.000 0.012 0.004 0.004 0.005 0.007

0.005 0.002 0.002 0.003 0.002 0.002 0.002 0.002 0.002 0.001 0.000 0.003 0.001 0.001 0.002 -0.001 -0.001 0.004 0.002 0.002

0.004 0.015 0.007

0.004 0.011 0.005

0.002 0.003 0.000

32.03

41.74

34.96

-0.366 -0.176 -0.099 -0.129 -0.211 -0.114 -0.259 -0.188 0.064 -0.286 -0.257 -0.367 0.003 -0.142 -0.279 -0.157 -0.252 -0.319 -0.293 -0.084 -0.178 -0.300 -0.250 -0.055 -0.144 -0.015 -0.289 -0.158 0.072 -0.189

27.03 27.22

-0.244 -0.219 -0.065 -0.083 -0.283

-0.213 -0.199 -0.085 -0.053 -0.296

-0.136 -0.154 -0.162 0.001 -0.239

-0.120 -0.082 0.069 -0.118

0.008 -0.118 -0.095 0.032 -0.091 -0.087 0.007 0.062 0.018 -0.118 0.031

-0.093 -0.144 -0.155 -0.141 -0.198 -0.115 -0.095 -0.053 -0.037 -0.033

-0.233 -0.214 -0.281 -0.262 -0.312 -0.274 -0.212

-0.223 -0.204 -0.271 -0.230 -0.279 -0.248 -0.176

-0.221 -0.179 -0.195 -0.166 -0.185 -0.164 -0.112

-0.128 -0.090 -0.067 0.028 -0.132 -0.120 -0.132 0.006 0.036 0.059 0.018 -0.099 -0.099 0.017 -0.034 -0.034 0.017 -0.060 -0.060 0.020

-0.147 -0.147 -0.143 -0.126 -0.089 -0.089 -0.247 -0.209 -0.190 -0.147 -0.059 -0.180 -0.122 -0.076 0.008 0.012 0.014

Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |

0.004 0.040 0.012

0.002 0.000 0.000

0.002 0.000

0.002 0.001

0.000


16.10.2012

Stoxx 600 Index

Ticker

Name

GICS_SECTOR_NAME

ATM2 Ref

Dividend Yield

Next ExDividend Date

BAB LN Equity

BABCOCK INTL GROUP PLC

Industrials

975.00

LUPE SS Equity

LUNDIN PETROLEUM AB

Energy

155.50

AC FP Equity

ACCOR SA

Consumer Discretionary

At The Money Implied Volatilities by Terms

Option Implied Volatility Skew Parameters by Terms: 2 IVt = atx + btx + ct

ATM2 ATM2 ATM2 ATM2 ATM2 ATM2 ATM2 Vol - 30D Vol - 60D Vol - 90D Vol - 6M Vol - 12M Vol - 18M Vol - 24M

Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew (a) (a) (a) (a) (a) (a) (a) (b) (b) (b) (b) (b) (b) (b) 30D 60D 90D 6M 12M 18M 24M 30D 60D 90D 6M 12M 18M 24M

2.56%

12.12.2012 31.34

30.50

28.57

31.38

32.85

25.85

2.63%

11.06.2013

34.73

32.70

32.44

32.36

33.81

TEL2B SS Equity TELE2 AB-B SHS

Telecommunication Services 119.50

5.65%

14.05.2013

20.67

19.76

19.80

21.80

23.98

FER SQ Equity

FERROVIAL SA

Industrials

10.31

4.46%

15.11.2012

36.60

34.05

33.16

32.49

31.40

SCVB SS Equity

SCANIA AB-B SHS

Industrials

118.50

4.22%

06.05.2013

30.97

30.44

29.68

31.19

34.72

G1A GY Equity

GEA GROUP AG

Industrials

24.83

2.46%

25.04.2013

28.59

29.14

29.87

31.15

GKN LN Equity

GKN PLC

Consumer Discretionary

204.00

3.73%

24.04.2013

HMSO LN Equity

HAMMERSON PLC

Financials

474.80

3.70%

13.03.2013

ELN ID Equity

ELAN CORP PLC

Health Care

8.61

43.69

43.92

43.75

43.40

ITV LN Equity

ITV PLC

Consumer Discretionary

91.85

2.61%

01.05.2013

28.27

28.27

28.14

27.97

REE SQ Equity

RED ELECTRICA CORPORACION SA

Utilities

37.60

6.33%

02.01.2013

25.61

24.06

23.32

20.86

OMV AV Equity

OMV AG

Energy

28.29

4.07%

13.05.2013

19.54

19.65

19.80

EDEN FP Equity

EDENRED

Industrials

22.50

3.38%

27.05.2013

27.38

24.75

24.31

TATE LN Equity

TATE & LYLE PLC

32.98 30.61

30.68

32.13

33.95

34.82

44.56

44.46

16.95

16.77

19.75

20.90

24.20

24.67

23.67

23.79

Consumer Staples

697.50

3.76%

28.11.2012

13.66

13.66

13.82

14.55

HEXAB SS Equity HEXAGON AB-B SHS

Information Technology

145.80

1.42%

10.05.2013

35.79

32.35

31.24

32.18

SOON VX Equity

SONOVA HOLDING AG-REG

Health Care

98.80

1.42%

24.06.2013

25.43

24.02

23.43

23.30

CRDA LN Equity

CRODA INTERNATIONAL PLC

Materials

2295.00

2.71%

01.05.2013

-0.012 -0.026 -0.039 -0.008 0.101

0.023

0.008

0.006

0.002

0.001

-0.183 -0.188 -0.185 -0.162 -0.121 -0.133

0.009

0.003

0.002

0.002

0.001

-0.242 -0.252 -0.216 -0.141 0.075

0.052

0.021

0.010

0.002 -0.001

-0.270 -0.008 0.051

0.018

0.024

0.066

0.002

0.097 -0.001 -0.003 -0.004 -0.003 -0.003 -0.003 -0.004

-0.271 -0.275 -0.243 -0.165 -0.120

0.035

0.012

0.006

0.001 -0.001

-0.271 -0.221 -0.198 -0.150 -0.100 -0.147 -0.157 0.021

0.009

0.006

0.001

0.001

0.002

-0.113 -0.158 -0.166 -0.139 -0.141 -0.149

0.010

-0.044 -0.044 -0.046 -0.065

0.002

0.002

0.001

0.002

0.001

0.007

0.007

0.005

0.002

-0.203 -0.210 -0.198 -0.158 -0.046 -0.056 -0.046 0.001

0.002

0.002

0.001

0.001

0.001

13.07

-0.541 -0.151 -0.092 -0.138 0.287

0.556

0.070

0.024

0.011

0.004

0.008

0.009

22.73

-0.175 -0.180 -0.200 -0.180 -0.113 -0.088

0.008

0.004

0.003

0.002

0.002

0.002

-0.137 -0.137 -0.100 -0.020

0.008

0.008

0.006

0.002

-0.281 -0.194 -0.209 -0.164

0.035

0.013

0.005

0.002

-0.257 -0.232 -0.204 -0.162 -0.084 -0.076

0.014

0.007

0.005

0.003

0.001

0.001

0.000

0.000

0.000

0.000

0.000

16.15

EKTAB SS Equity ELEKTA AB-B SHS

Health Care

92.75

1.51%

05.09.2013

23.48

23.48

23.48

23.48

ATL IM Equity

ATLANTIA SPA

Industrials

12.28

6.11%

19.11.2012

26.90

25.84

25.42

25.02

24.06

24.06

-0.302 -0.254 -0.234 -0.200 -0.129 -0.129

0.017

0.008

0.006

0.003

0.001

0.001

HEIO NA Equity

HEINEKEN HOLDING NV

Consumer Staples

39.91

2.33%

23.04.2013

GA FP Equity

CIE GENERALE DE GEOPHYSIQUE

Energy

25.00

44.07

38.28

38.06

40.35

40.43

40.58

-0.139 -0.105 -0.107 -0.153 -0.148 -0.142

0.003

0.004

0.004

0.002

0.002

0.001

32.82

32.33

32.58

-0.143 -0.098 -0.075

0.007

0.003

0.002

37.43

34.42

32.59

28.64

24.59

23.23

-0.108 -0.130 -0.130 -0.119 -0.130 -0.135 -0.106 0.002

0.002

0.002

0.002

0.001

0.002

17.38

17.82

17.90

18.41

18.28

18.28

-0.364 -0.281 -0.236 -0.189 -0.310 -0.310

0.024

0.011

0.008

0.002

0.004

0.004

-0.311 -0.287 -0.253 -0.155 -0.102 -0.084 -0.057 0.023 -0.230 -0.230 -0.227 -0.188 -0.115 -0.115

NRE1V FH Equity NOKIAN RENKAAT OYJ

Consumer Discretionary

FRES LN Equity

FRESNILLO PLC

Materials

GRF SQ Equity

GRIFOLS SA

Health Care

MGGT LN Equity

MEGGITT PLC

Industrials

TRN IM Equity

TERNA SPA

Utilities

29.59

4.90%

15.04.2013

1932.00

1.80%

24.04.2013

25.79

0.85%

01.07.2013

402.40

2.94%

13.03.2013

2.95

6.44%

19.11.2012

23.54

0.000

0.000

0.000

0.002

0.000

0.001

COLOB DC Equity COLOPLAST-B

Health Care

1279.00

1.37%

12.12.2012

CO FP Equity

CASINO GUICHARD PERRACHON

Consumer Staples

67.61

4.88%

21.05.2013

24.56

23.09

23.07

22.97

23.25

23.20

0.008

0.005

0.003

0.002

0.000 -0.001

SCR FP Equity

SCOR SE

Financials

21.29

5.40%

22.05.2013

20.95

20.95

21.44

22.76

25.05

25.05

0.007

0.007

0.006

0.002

0.001

0.001

FUR NA Equity

FUGRO NV-CVA

Energy

52.68

3.04%

13.05.2013

24.60

24.66

24.93

25.22

25.87

25.87

25.87

-0.252 -0.318 -0.308 -0.220 -0.124 -0.124 -0.124 0.017

0.008

0.006

0.003

0.001

0.001

0.001

MRO LN Equity

MELROSE PLC

Industrials

237.20

3.50%

03.04.2013

GAS SQ Equity

GAS NATURAL SDG SA

Utilities

11.80

7.54%

09.01.2013

38.26

36.00

35.01

29.65

27.71

24.22

24.62

-0.136 -0.104 -0.056 0.066

0.003

0.001

0.001

0.002

0.001

0.002

0.001

MEO1V FH Equity METSO OYJ

Industrials

27.50

6.18%

28.03.2013

34.76

35.27

35.62

0.012

0.001 -0.001

F IM Equity

FIAT SPA

Consumer Discretionary

4.21

2.85%

22.04.2013

44.43

43.94

43.65

42.46

42.94

43.75

WG/ LN Equity

WOOD GROUP (JOHN) PLC

Energy

845.50

1.34%

10.04.2013

VK FP Equity

VALLOUREC

Industrials

31.83

2.51%

05.06.2013

42.61

41.65

41.38

41.00

41.12

40.38

KINVB SS Equity

INVESTMENT AB KINNEVIK-B SHS

Financials

136.60

4.03%

17.05.2013

18.88

17.06

17.42

19.35

BOL SS Equity

BOLIDEN AB

Materials

114.10

4.16%

06.05.2013

32.10

32.08

31.44

32.63

33.49

IMI LN Equity

IMI PLC

Industrials

900.50

3.78%

10.04.2013

SRP LN Equity

SERCO GROUP PLC

Industrials

575.50

1.63%

06.03.2013

ARYN SE Equity

ARYZTA AG

Consumer Staples

46.05

1.33%

29.01.2014

13.99

15.24

15.73

16.36

16.47

SPSN VX Equity

SWISS PRIME SITE-REG

Financials

76.75

4.69%

22.04.2013

10.83

10.39

10.10

9.53

10.08

9.95

VIE FP Equity

VEOLIA ENVIRONNEMENT

Utilities

8.25

8.48%

22.05.2013

31.67

32.59

32.67

31.15

32.33

30.75

EEEK GA Equity

COCA-COLA HELLENIC BOTTLING

Consumer Staples

17.55

1.37%

25.06.2013

SIK VX Equity

SIKA AG-BR

Materials

1913.00

2.35%

15.04.2013

18.87

19.19

19.53

20.55

22.82

22.35

ANDR AV Equity

ANDRITZ AG

Industrials

46.07

2.78%

25.03.2013

37.40

34.83

33.72

32.94

30.69

38.12

MTX GY Equity

MTU AERO ENGINES HOLDING AG

Industrials

64.92

2.08%

03.05.2013

25.14

23.94

23.91

24.48

25.82

25.94

26.39

TPK LN Equity

TRAVIS PERKINS PLC

Industrials

1111.00

2.37%

01.05.2013

HNR1 GY Equity

HANNOVER RUECKVERSICHERU-REG Financials

55.33

3.97%

06.05.2013

23.40

22.45

22.21

21.69

21.80

21.12

21.52

QIA GY Equity

QIAGEN N.V.

Health Care

14.10

20.04

20.24

20.45

21.26

23.27

23.93

24.01

NHY NO Equity

NORSK HYDRO ASA

Materials

26.64

2.63%

09.05.2013

44.16

42.17

40.31

42.90

ETL FP Equity

EUTELSAT COMMUNICATIONS

Consumer Discretionary

25.42

3.93%

14.11.2013

20.25

20.62

20.53

20.57

20.76

21.72

VPK NA Equity

VOPAK

Industrials

55.20

1.67%

26.04.2013

19.00

18.44

18.72

19.87

20.36

20.36

BALN VX Equity

BALOISE HOLDING AG - REG

Financials

78.80

5.71%

03.05.2013

15.36

16.60

17.49

18.50

19.54

18.64

19.58

PNN LN Equity

PENNON GROUP PLC

Utilities

717.00

3.95%

30.01.2013

ISAT LN Equity

INMARSAT PLC

Telecommunication Services 570.00

5.02%

15.05.2013

DSV DC Equity

DSV A/S

Industrials

125.00

1.00%

18.03.2013

31.50

28.99

28.39

28.37

TNTE NA Equity

TNT EXPRESS NV

Industrials

8.19

1.77%

11.04.2013

37.51

39.13

39.44

39.44

39.44

39.44

39.44

STM IM Equity

STMICROELECTRONICS NV

Information Technology

4.69

6.54%

24.06.2013

48.28

45.19

43.58

43.16

40.91

42.29

41.71

-0.120 -0.111 -0.113 -0.185 -0.079 0.035

0.011

BELG BB Equity

BELGACOM SA

Telecommunication Services 22.49

9.70%

04.12.2012

18.28

15.80

15.73

16.07

15.80

15.80

0.012 -0.098 -0.129 -0.111 0.064

0.064

LISN SE Equity

LINDT & SPRUENGLI AG-REG

Consumer Staples

34095.00

1.64%

30.04.2013

18.46

18.50

18.52

18.52

18.58

18.53

-0.049 0.006

0.022

INF LN Equity

INFORMA PLC

Consumer Discretionary

408.30

4.68%

24.04.2013

MNDI LN Equity

MONDI PLC

Materials

666.00

3.38%

10.04.2013

JMT PL Equity

JERONIMO MARTINS

Consumer Staples

14.02

2.28%

30.04.2013

SY1 GY Equity

SYMRISE AG

Materials

26.96

2.60%

16.05.2013

26.68

25.87

25.74

26.21

27.45

28.00

PRY IM Equity

PRYSMIAN SPA

Industrials

14.84

1.79%

22.04.2013

26.82

27.80

28.05

28.06

28.32

28.32

WMH LN Equity

WILLIAM HILL PLC

Consumer Discretionary

340.30

3.20%

01.05.2013

17.54

17.54

18.05

19.66

ZC FP Equity

ZODIAC AEROSPACE

Industrials

77.85

1.93%

14.01.2013

28.36

28.08

27.98

28.50

29.72

30.44

ADM LN Equity

ADMIRAL GROUP PLC

Financials

1170.00

7.45%

15.05.2013

GBF GY Equity

BILFINGER SE

Industrials

75.62

3.70%

19.04.2013

21.97

21.13

21.31

22.31

24.48

26.13

PSN LN Equity

PERSIMMON PLC

Consumer Discretionary

776.50

9.66%

08.05.2013

COB LN Equity

COBHAM PLC

Industrials

217.50

4.05%

01.05.2013

DELB BB Equity

DELHAIZE GROUP

Consumer Staples

28.50

6.04%

29.05.2013

32.07

30.14

29.29

27.53

27.62

27.62

CABK SQ Equity

CAIXABANK

Financials

3.00

7.70%

24.12.2012

24.39

22.86

23.14

23.92

24.12

26.79

PGS NO Equity

PETROLEUM GEO-SERVICES

Energy

97.60

1.45%

06.05.2013

42.06

42.06

42.09

42.15

DIA SQ Equity

DISTRIBUIDORA INTERNACIONAL

Consumer Staples

4.64

2.59%

16.07.2013

34.74

33.19

32.14

30.71

27.91

27.37

UBI IM Equity

UBI BANCA SCPA

Financials

3.15

2.23%

20.05.2013

40.18

42.31

42.91

42.83

43.49

IIA AV Equity

IMMOFINANZ AG

Financials

2.95

5.09%

08.10.2013

28.10

24.72

24.66

25.82

28.74

TGS NO Equity

TGS NOPEC GEOPHYSICAL CO ASA

Energy

197.80

3.29%

05.06.2013

35.10

35.10

35.05

34.89

LI FP Equity

KLEPIERRE

Financials

29.02

5.34%

22.04.2013

17.09

17.04

16.97

16.74

17.53

16.74

-0.234 -0.117 -0.069 0.005

ATO FP Equity

ATOS

Information Technology

51.37

1.17%

13.06.2013

27.86

27.86

28.03

28.63

29.91

29.91

ENG SQ Equity

ENAGAS SA

Utilities

15.43

6.96%

21.12.2012

24.23

23.32

23.30

22.37

20.33

20.35

KBC BB Equity

KBC GROEP NV

Financials

19.43

1.80%

10.05.2013

45.04

44.38

44.19

43.46

43.00

43.00

PSPN SE Equity

PSP SWISS PROPERTY AG-REG

Financials

85.95

3.49%

20.06.2013

8.60

10.92

11.34

10.75

10.85

10.69

SLHN VX Equity

SWISS LIFE HOLDING AG-REG

Financials

120.90

3.72%

24.04.2013

26.97

26.17

25.91

25.54

27.00

26.69

STERV FH Equity STORA ENSO OYJ-R SHS

Materials

4.74

6.32%

25.04.2013

30.60

29.19

28.88

28.83

HO FP Equity

THALES SA

Industrials

28.21

3.19%

28.05.2013

22.51

21.93

22.05

22.26

22.72

20.91

MAN GY Equity

MAN SE

Industrials

76.16

2.17%

22.04.2013

23.88

24.31

24.45

24.60

25.30

24.89

PWL ID Equity

PADDY POWER PLC

Consumer Discretionary

57.55

2.10%

13.03.2013

COLR BB Equity

COLRUYT SA

Consumer Staples

33.53

2.92%

30.09.2013

22.09

22.29

22.25

22.15

22.23

22.23

GALP PL Equity

GALP ENERGIA SGPS SA

Energy

13.09

2.02%

21.05.2013

III LN Equity

3I GROUP PLC

Financials

222.80

3.82%

12.12.2012

23.03

23.03

22.92

22.66

GET FP Equity

GROUPE EUROTUNNEL SA - REGR

Industrials

5.57

1.62%

21.05.2013

38.07

35.41

34.10

32.69

34.41

34.39

ACS SQ Equity

ACS ACTIVIDADES CONS Y SERV

Industrials

17.15

6.71%

21.01.2013

34.57

34.31

34.20

34.10

31.50

28.76

SUN VX Equity

SULZER AG-REG

Industrials

135.00

2.22%

18.04.2013

25.88

25.69

25.78

25.98

26.09

25.67

PTC PL Equity

PORTUGAL TELECOM SGPS SA-REG

Telecommunication Services 3.78

8.60%

28.12.2012

MEO GY Equity

METRO AG

Consumer Staples

20.32

6.74%

24.05.2013

32.01

30.97

30.86

29.84

30.04

27.89

AKSO NO Equity

AKER SOLUTIONS ASA

Energy

115.40

3.03%

15.04.2013

40.55

40.55

40.32

39.68

BBY LN Equity

BALFOUR BEATTY PLC

Industrials

302.70

4.86%

24.04.2013

ILD FP Equity

ILIAD SA

Telecommunication Services 121.75

0.30%

04.06.2013

19.45

19.51

19.53

19.61

19.77

19.79

0.001

0.012

0.003

DLN LN Equity

DERWENT LONDON PLC

Financials

2019.00

1.66%

15.05.2013

BB FP Equity

SOCIETE BIC SA

Industrials

92.51

2.59%

21.05.2013

19.66

19.56

19.55

19.62

20.27

19.51

-0.073 -0.031 -0.010 0.012

0.032

CLN VX Equity

CLARIANT AG-REG

Materials

10.88

2.76%

28.06.2013

36.42

34.59

34.15

34.03

34.85

35.63

CSCG LN Equity

CAPITAL SHOPPING CENTRES GRO

Financials

340.20

5.97%

29.05.2013

AGS LN Equity

AEGIS GROUP PLC

Consumer Discretionary

235.40

LHA GY Equity

DEUTSCHE LUFTHANSA-REG

Industrials

10.93

2.29%

10.05.2013

23.81

23.96

24.11

24.82

26.33

RAND NA Equity

RANDSTAD HOLDING NV

Industrials

25.45

4.91%

04.04.2013

28.23

27.18

27.17

29.04

29.36

ROR LN Equity

ROTORK PLC

Industrials

2338.00

1.87%

10.04.2013

AML LN Equity

AMLIN PLC

Financials

402.10

6.12%

03.04.2013

VOE AV Equity

VOESTALPINE AG

Materials

23.26

4.09%

08.07.2013

33.08

31.08

30.66

29.92

30.60

35.64

SDR LN Equity

SCHRODERS PLC

Financials

1572.00

2.61%

27.03.2013

ELI1V FH Equity

ELISA OYJ

Telecommunication Services 17.80

7.30%

05.04.2013

17.92

17.31

17.73

20.65

FR FP Equity

VALEO SA

Consumer Discretionary

34.20

4.18%

27.06.2013

37.59

37.59

37.65

37.79

BKG LN Equity

BERKELEY GROUP HOLDINGS

Consumer Discretionary

1473.00

SCH NO Equity

SCHIBSTED ASA

Consumer Discretionary

226.70

1.76%

17.05.2013

DRX LN Equity

DRAX GROUP PLC

Utilities

534.50

3.72%

24.04.2013

TDC DC Equity

TDC A/S

Telecommunication Services 42.15

10.91%

08.03.2013

PMO LN Equity

PREMIER OIL PLC

Energy

368.70

PFG LN Equity

PROVIDENT FINANCIAL PLC

Financials

1412.00

5.31%

15.05.2013

CHR DC Equity

CHR HANSEN HOLDING A/S

Materials

172.40

2.10%

27.11.2012

TCY LN Equity

TELECITY GROUP PLC

Information Technology

956.00

0.78%

10.04.2013

FLS DC Equity SMDS LN Equity

FLSMIDTH & CO A/S DS SMITH PLC

Industrials Materials

330.50 206.40

3.03% 3.29%

02.04.2013 19.12.2012

39.30

36.50

35.76

36.25

23.17

0.052

0.205

0.175

44.76

-0.199 -0.183 -0.185 -0.141 -0.023 0.011

0.028

0.013

0.004

0.003

0.002

0.000 -0.001 -0.001

40.45

-0.190 -0.205 -0.196 -0.150 -0.114 -0.139 -0.141 0.012

0.006

0.004

0.002

0.001

0.047 -0.032 -0.068 -0.113

0.028

0.014

0.009

0.001

-0.186 -0.269 -0.284 -0.123 0.071

0.042

0.013

0.006

0.004

0.000

0.007

0.004

0.004

0.001

0.001

0.001

0.019

0.006

0.004

0.005

0.002

0.003

0.016

0.005

0.004

0.003

0.000

0.001

-0.254 -0.211 -0.196 -0.152 -0.080 -0.115

0.004

0.001

0.001

0.001

0.000

0.001

-0.375 -0.164 -0.123 -0.086 0.497

0.018

0.005

0.003

0.000

0.001 -0.004

-0.251 -0.210 -0.188 -0.140 -0.099 -0.080 -0.067 0.014

0.005

0.004

0.002

0.001

0.001

0.001

-0.244 -0.216 -0.222 -0.216 -0.152 -0.154 -0.148 0.012

0.009

0.007

0.003

0.002

0.002

0.003

0.018 -0.128 -0.163 -0.158 -0.124 -0.101 -0.102 0.022

0.007

0.005

0.003

0.002

0.002

0.002

-0.324 -0.425 -0.260 -0.205

0.056

0.033

0.016

0.005

0.002 -0.016

0.016

0.003

0.001

0.000

0.000

0.000

-0.211 -0.193 -0.180 -0.125 -0.095 -0.095

-0.026 -0.090 -0.086

16.39

-0.146 -0.149 -0.145 -0.095 -0.076 -0.070 30.95

-0.044 -0.040 -0.046 -0.008 0.072

0.111

-0.086 -0.133 -0.151 -0.107 0.056

0.098

0.075

28.60

26.83

0.052

0.027

0.003

0.224

0.654

0.001

0.001

0.006

0.017

0.008

0.006

0.003

0.002

0.002

-0.366 -0.332 -0.305 -0.223 -0.107 -0.100 -0.100 0.035

0.015

0.009

0.005

0.003

0.004

0.004

-0.322 -0.223 -0.176 -0.092

0.017

0.005

0.003

0.002

-0.677 -0.771 -0.774 -0.774 -0.774 -0.774 -0.774 0.016

0.007

0.006

0.006

0.006

0.006

0.006

0.003

0.003

0.001

0.002

0.000 -0.001

0.023

0.014

0.010

0.003

0.000

0.000

0.003

0.000

0.000

0.000

0.000

0.000

-0.137 -0.112 -0.104 -0.078 -0.051 -0.064 -0.068 0.015

0.007

0.005

0.001

0.001

0.001

-0.221 -0.192 -0.169 -0.172 -0.152 -0.152

0.018

0.003

0.001

0.001

0.001

0.001

-0.139 -0.139 -0.136 -0.106

0.009

0.009

0.007

0.002

-0.201 -0.260 -0.259 -0.193 -0.169 -0.167

0.009

0.012

0.017

0.188

0.006

0.003

0.003

0.002

0.001

0.000

-0.517 -0.352 -0.297 -0.213 -0.137 -0.144 -0.147 0.019

0.013

0.010

0.004

0.002

0.002

-0.193 -0.218 -0.206 -0.127 -0.048 -0.048

0.001

0.002

0.009

0.004

0.004

0.003

0.001

0.001

-0.309 -0.382 -0.362 -0.158 -0.199 -0.346 -0.217 0.003

0.004

0.004

0.002

0.003

0.004

0.000

-0.166 -0.166 -0.168 -0.176

0.001

0.001

0.002

0.003

-0.123 -0.131 -0.138 -0.196 -0.104 -0.107 -0.090 0.004

0.002

0.002

0.003

0.002

0.002

0.002

43.49

-0.346 -0.266 -0.266 -0.227 -0.158 -0.158

0.015

0.003

0.001

0.001

0.001

0.001

21.37

-0.395 -0.250 -0.151 0.022

0.036

0.019

0.013

0.005

0.001

0.000

26.86 27.09

0.312

0.627

0.003

0.003

0.002

0.000

0.021

0.012

0.024

0.009

0.005

0.000

0.001

0.001

-0.224 -0.224 -0.215 -0.178 -0.127 -0.127

0.004

0.004

0.003

0.002

0.001

0.001

0.000

0.001

0.001

0.001

0.000

0.000 -0.001

-0.233 -0.247 -0.231 -0.150 -0.081 -0.081

0.013

0.005

0.004

0.002

0.001

0.001

-0.147 -0.122 -0.113 -0.069 -0.041 -0.028

0.014

0.011

0.009

0.002

0.002

0.002

-0.247 -0.211 -0.195 -0.141 -0.078 -0.069 -0.067 0.019

0.009

0.006

0.003

0.001

0.001

0.001

-0.069 -0.056 -0.066 -0.096

0.024

0.003

0.000

0.001

20.42

-0.163 -0.229 -0.237 -0.180 -0.107 -0.077 -0.063 0.024

0.007

0.004

0.002

0.002

0.003

0.004

25.58

-0.103 -0.044 -0.036 -0.030 -0.034 -0.036 -0.034 0.008

0.001

0.001

0.001

0.001

0.001

0.001

-0.077 -0.137 -0.139 -0.095 -0.042 -0.042

0.018

0.009

0.007

0.002 -0.001 -0.001

0.007

0.007

0.006

0.004

0.009

0.002

0.002

0.002

0.001 -0.001

0.001

0.002

0.002

0.002

0.001

0.002

0.009

0.004

0.004

0.002

0.002

0.002

-0.242 -0.198 -0.175 -0.105 -0.032 -0.025 -0.018 0.020

0.008

0.005

0.003

0.002

0.003

-0.128 -0.128 -0.133 -0.146

0.000

0.000

0.001

0.001

0.010

0.013

0.001

0.000

0.000

0.000

0.000

0.032

0.008

0.001

0.000

0.000

0.000

0.000

35.75

-0.324 -0.253 -0.221 -0.212 -0.138 -0.178 -0.154 0.011

0.006

0.005

0.002

0.002

0.001

0.001

24.85

25.04

-0.208 -0.224 -0.222 -0.174 -0.129 -0.104 -0.079 0.030

0.013

0.009

0.003

0.002

0.001

0.002

29.36

29.36

-0.230 -0.284 -0.285 -0.220 -0.107 -0.107 -0.107 0.009

0.006

0.006

0.003 -0.001 -0.001 -0.001

-0.241 -0.184 -0.173 -0.156 0.408

-0.276 -0.276 -0.264 -0.229

20.28

27.59

-0.078 -0.109 -0.078 0.024

0.133

0.118

0.112

-0.017 -0.017 -0.045 -0.118 -0.265 -0.256 -0.250 -0.181 -0.085 -0.064 24.58

-0.173 -0.170 -0.167 -0.173 -0.135 0.065 -0.162 -0.191 -0.178 -0.116 -0.096 -0.095

28.13

0.005

0.006

0.280

0.003

0.004

12.06.2013

37.79

37.79

0.068

0.018

0.008

0.005

-0.082 -0.244 -0.246 -0.125

0.013

0.005

0.003

0.001

-0.248 -0.248 -0.227 -0.164 -0.098 -0.098

0.001

0.001

0.001

0.001

-0.284 -0.247 -0.205 -0.120

0.007

0.001

0.000

0.000

Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |

0.585

0.007 -0.002

0.001

0.001


16.10.2012

Stoxx 600 Index

Ticker INVP LN Equity SXS LN Equity TW/ LN Equity PGHN SE Equity OPHR LN Equity CORA NA Equity BP IM Equity SEV FP Equity ISYS LN Equity KN FP Equity MB IM Equity UBM LN Equity BDEV LN Equity RMV LN Equity CGL LN Equity IAP LN Equity INDUA SS Equity AHT LN Equity SGRO LN Equity CNE LN Equity GALN SE Equity ETE GA Equity DWNI GY Equity BOKA NA Equity EGPW IM Equity GN DC Equity MMB FP Equity RMS FP Equity EMG LN Equity LSE LN Equity POH1S FH Equity HL/ LN Equity MF FP Equity LAD LN Equity IGG LN Equity POP SQ Equity DUFN SE Equity GJF NO Equity TNET BB Equity TRELB SS Equity RTO LN Equity HLMA LN Equity PC IM Equity SOW GY Equity ADP FP Equity AFR LN Equity FPE3 GY Equity LONN VX Equity INCH LN Equity SZU GY Equity CAPC LN Equity KAZ LN Equity SPX LN Equity WDI GY Equity CPR IM Equity RHK GY Equity SBMO NA Equity CKSN LN Equity SECUB SS Equity PSM GY Equity MEDAA SS Equity NUO NA Equity RCO FP Equity MHG NO Equity DCC ID Equity BOSS GY Equity IAG LN Equity GPOR LN Equity CAST SS Equity GAM SE Equity DMGT LN Equity DEB LN Equity IM NA Equity ORNBV FH Equity ALU FP Equity MTGB SS Equity BMPS IM Equity YTY1V FH Equity FDR FP Equity BOK LN Equity FGR FP Equity RXL FP Equity AVV LN Equity HELN SE Equity GFC FP Equity DL NA Equity SHB LN Equity BKIR ID Equity FNC IM Equity OTE1V FH Equity ASHM LN Equity WDH DC Equity JYSK DC Equity GNK LN Equity QQ/ LN Equity VIS SQ Equity BARN SE Equity HGG LN Equity BPE IM Equity NDA GY Equity ING FP Equity FRA GY Equity CLLN LN Equity TOP DC Equity HUSQB SS Equity CNP FP Equity RHM GY Equity ICAD FP Equity CBG LN Equity FLTR LN Equity ICP LN Equity BES PL Equity NK FP Equity EZJ LN Equity MAP SQ Equity SGC LN Equity KESBV FH Equity GIB GY Equity BTG LN Equity NEO FP Equity VCT LN Equity BWY LN Equity PMI IM Equity HTG LN Equity VED LN Equity AF FP Equity

Name INVESTEC PLC SPECTRIS PLC TAYLOR WIMPEY PLC PARTNERS GROUP HOLDING AG OPHIR ENERGY PLC CORIO NV BANCO POPOLARE SCARL SUEZ ENVIRONNEMENT CO INVENSYS PLC NATIXIS MEDIOBANCA SPA UBM PLC BARRATT DEVELOPMENTS PLC RIGHTMOVE PLC CATLIN GROUP LTD ICAP PLC INDUSTRIVARDEN AB-A SHS ASHTEAD GROUP PLC SEGRO PLC CAIRN ENERGY PLC GALENICA AG-REG NATIONAL BANK OF GREECE DEUTSCHE WOHNEN AG-BR BOSKALIS WESTMINSTER ENEL GREEN POWER SPA GN STORE NORD A/S LAGARDERE S.C.A. HERMES INTERNATIONAL MAN GROUP PLC LONDON STOCK EXCHANGE GROUP POHJOLA BANK PLC-A SHS HARGREAVES LANSDOWN PLC WENDEL LADBROKES PLC IG GROUP HOLDINGS PLC BANCO POPULAR ESPANOL DUFRY AG-REG GJENSIDIGE FORSIKRING ASA TELENET GROUP HOLDING NV TRELLEBORG AB-B SHS RENTOKIL INITIAL PLC HALMA PLC PIRELLI & C. SOFTWARE AG ADP AFREN PLC FUCHS PETROLUB AG -PREF LONZA GROUP AG-REG INCHCAPE PLC SUEDZUCKER AG CAPITAL & COUNTIES PROPERTIE KAZAKHMYS PLC SPIRAX-SARCO ENGINEERING PLC WIRECARD AG DAVIDE CAMPARI-MILANO SPA RHOEN-KLINIKUM AG SBM OFFSHORE NV COOKSON GROUP PLC SECURITAS AB-B SHS PROSIEBEN SAT.1 MEDIA AG-PRF MEDA AB-A SHS NUTRECO NV REMY COINTREAU MARINE HARVEST DCC PLC HUGO BOSS AG -ORD INTL CONSOLIDATED AIRLINE-DI GREAT PORTLAND ESTATES PLC CASTELLUM AB GAM HOLDING AG DAILY MAIL&GENERAL TST-A NV DEBENHAMS PLC ROYAL IMTECH NV ORION OYJ-CLASS B ALCATEL-LUCENT MODERN TIMES GROUP-B SHS BANCA MONTE DEI PASCHI SIENA YIT OYJ FONCIERE DES REGIONS BOOKER GROUP PLC EIFFAGE REXEL SA AVEVA GROUP PLC HELVETIA HOLDING AG-REG GECINA SA DELTA LLOYD NV SHAFTESBURY PLC BANK OF IRELAND FINMECCANICA SPA OUTOTEC OYJ ASHMORE GROUP PLC WILLIAM DEMANT HOLDING JYSKE BANK-REG GREENE KING PLC QINETIQ GROUP PLC VISCOFAN SA BARRY CALLEBAUT AG-REG HENDERSON GROUP PLC BANCA POPOL EMILIA ROMAGNA AURUBIS AG INGENICO FRAPORT AG CARILLION PLC TOPDANMARK A/S HUSQVARNA AB-B SHS CNP ASSURANCES RHEINMETALL AG ICADE CLOSE BROTHERS GROUP PLC FILTRONA PLC INTERMEDIATE CAPITAL GROUP BANCO ESPIRITO SANTO-REG IMERYS SA EASYJET PLC MAPFRE SA STAGECOACH GROUP PLC KESKO OYJ-B SHS GSW IMMOBILIEN AG BTG PLC NEOPOST SA VICTREX PLC BELLWAY PLC BANCA POPOLARE DI MILANO HUNTING PLC VEDANTA RESOURCES PLC AIR FRANCE-KLM

GICS_SECTOR_NAME

ATM2 Ref

Financials 364.60 Information Technology 1597.00 Consumer Discretionary 58.45 Financials 199.30 Energy 576.50 Financials 34.65 Financials 1.27 Utilities 8.51 Industrials 223.90 Financials 2.60 Financials 4.38 Consumer Discretionary 733.50 Consumer Discretionary 182.80 Consumer Discretionary 1637.00 Financials 489.50 Financials 318.00 Financials 97.40 Industrials 345.80 Financials 233.70 Energy 285.90 Health Care 567.50 Financials 2.23 Financials 14.48 Industrials 29.16 Utilities 1.37 Health Care 90.35 Consumer Discretionary 20.63 Consumer Discretionary 217.25 Financials 92.80 Financials 973.00 Financials 10.84 Financials 740.00 Financials 62.94 Consumer Discretionary 177.80 Financials 456.50 Financials 1.29 Consumer Discretionary 117.80 Financials 81.80 Telecommunication Services 35.78 Industrials 70.85 Industrials 88.50 Information Technology 417.30 Consumer Discretionary 8.32 Information Technology 31.24 Industrials 61.00 Energy 140.80 Materials 53.11 Health Care 46.63 Consumer Discretionary 354.50 Consumer Staples 28.83 Financials 231.00 Materials 707.00 Industrials 1941.00 Information Technology 17.88 Consumer Staples 6.48 Health Care 15.22 Energy 10.71 Industrials 535.50 Industrials 49.56 Consumer Discretionary 21.98 Health Care 66.90 Consumer Staples 57.88 Consumer Staples 86.50 Consumer Staples 4.85 Industrials 21.50 Consumer Discretionary 73.30 Industrials 155.20 Financials 457.80 Financials 88.30 Financials 12.45 Consumer Discretionary 477.50 Consumer Discretionary 111.00 Industrials 20.77 Health Care 18.07 Information Technology 0.75 Consumer Discretionary 281.50 Financials 0.24 Industrials 15.36 Financials 60.97 Consumer Staples 96.05 Industrials 26.35 Industrials 15.51 Information Technology 2028.00 Financials 337.75 Financials 80.42 Financials 12.67 Financials 538.00 Financials 0.10 Industrials 4.24 Industrials 38.65 Financials 365.90 Health Care 524.00 Financials 170.00 Consumer Discretionary 603.00 Industrials 197.80 Consumer Staples 35.90 Consumer Staples 899.50 Financials 116.10 Financials 4.75 Materials 46.83 Information Technology 38.75 Industrials 44.44 Industrials 293.00 Financials 1163.00 Consumer Discretionary 33.41 Financials 10.78 Industrials 38.27 Financials 66.61 Financials 866.00 Materials 555.00 Financials 306.90 Financials 0.68 Materials 46.16 Industrials 600.00 Financials 2.16 Industrials 280.10 Consumer Staples 22.19 Financials 31.18 Health Care 365.00 Information Technology 42.51 Materials 1400.00 Consumer Discretionary 968.50 Financials 0.45 Energy 790.00 Materials 1092.00 Industrials 5.67

At The Money Implied Volatilities by Terms

Option Implied Volatility Skew Parameters by Terms: IVt = atx + btx2 + ct

ATM2 ATM2 ATM2 ATM2 ATM2 ATM2 ATM2 Vol - 30D Vol - 60D Vol - 90D Vol - 6M Vol - 12M Vol - 18M Vol - 24M

Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew (a) (a) (a) (a) (a) (a) (a) (b) (b) (b) (b) (b) (b) (b) 30D 60D 90D 6M 12M 18M 24M 30D 60D 90D 6M 12M 18M 24M

Dividend Yield

Next ExDividend Date

4.94% 2.41% 1.27% 2.89%

05.12.2012 29.05.2013 17.04.2013 06.05.2013

20.53

20.53

20.99

22.38

17.70

17.70

17.67

17.61

18.31

18.05

8.14% 1.96% 7.76% 2.19% 3.84% 1.14% 3.95%

29.04.2013 20.05.2013 27.05.2013 21.11.2012 03.06.2013 18.11.2013 10.04.2013 17.04.2013 08.05.2013 13.02.2013 02.01.2013 08.05.2013 16.01.2013 20.03.2013

19.67 39.65 29.47 28.57 37.32 39.74

19.89 41.77 29.62 28.57 38.59 40.73

20.30 42.50 29.71 29.32 39.09 40.71

20.06 43.13 28.52 31.17 39.01 40.60

20.09 48.68 29.22

20.09 48.68 30.89

39.73 40.95

38.56 40.95

22.92

22.92

23.87

25.24

32.29 39.98 77.22 37.31 20.99 32.75 30.04 29.17

32.29 36.99 77.22 37.17 21.23 33.33 27.85 29.17

32.32 35.90 77.22 37.14 21.77 33.50 27.82 29.35

32.91 34.54 77.22 36.83 23.04 33.18 29.61 29.36

54.39 24.70

53.33 24.70

52.57 24.45

48.90 23.81

37.43 18.75

32.92 18.75

33.10 19.20

36.31 21.36

37.88

37.11

70.88 35.14 21.09 15.35 33.47 24.82

71.34 35.04 21.09 13.50 30.72 24.82

68.54 34.91 21.66 13.44 28.70 24.14

59.53 34.61 22.20 15.32 29.31 22.69

51.77 34.42

50.76 34.13

16.90 30.02

16.90

31.77 34.57 18.65

32.08 36.45 18.71

32.02 37.08 18.69

31.29 37.70 18.53

31.74 38.26 18.86

31.74 37.76 18.72

22.20 29.16

22.54 27.49

23.08 27.10

24.00 26.70

24.23 27.45

24.95 27.79

19.56

20.75

21.52

22.82

23.93

23.78

43.98

43.98

43.58

41.99

30.99 27.86 32.88 40.04

30.73 27.51 33.47 38.70

31.39 27.41 33.35 38.18

33.35 27.38 31.93 37.36

33.58 27.73 32.52 39.48

33.67 27.57 33.00 31.64

33.91

25.41 28.02 25.26 18.96 25.73 83.78 19.87 33.93 33.62

24.09 28.45 22.95 16.91 25.70 83.78 19.79 34.33 33.47

22.98 28.47 21.91 16.83 25.66 76.27 19.92 35.20 33.10

24.71 28.32 23.21 17.74 25.57

28.68 31.40

27.80

31.44

26.42

26.29

19.88 36.85 32.61

20.16 38.36

17.93 37.57

24.33

25.08

25.64

26.37

27.94

27.14

26.07

25.15

25.01

26.04

87.83 30.28 50.24 30.79 18.63

72.61 60.53 50.68 31.19 18.71

67.71 65.54 50.97 31.49 18.78

64.79 61.37 52.84

61.68

57.73

54.89

55.69

51.25

49.82

18.83

20.26

19.13

-0.654 0.069 -0.242 -0.199 -0.072

46.73

46.36

46.32

46.46

48.84

47.57

-0.024 -0.011 -0.007 0.005

0.004 -0.031

24.42 22.08 24.43

24.31 22.10 24.29

24.25 22.10 24.75

23.92 22.43 25.54

24.89 23.98 26.04

23.74 22.92 26.04

46.24 41.23

48.50 41.37

48.60 41.32

46.58 41.30

44.21 41.67

19.02

18.67

18.52

18.66

60.12 22.17

60.46 23.15

60.51 23.19

60.82 24.28

24.26

23.82

23.89

1.41% 5.92% 7.08% 4.88% 1.19% 6.38% 1.59%

7.09% 11.88% 3.88% 2.56% 2.50% 4.09% 1.50% 3.05%

09.05.2013 21.05.2013 06.06.2013 14.05.2013 20.05.2013 25.03.2013 20.05.2013 27.02.2013 24.04.2013 05.12.2012 28.03.2013 13.03.2013 07.06.2013 13.03.2013 23.01.2013 27.12.2012 16.05.2013 26.04.2013 27.08.2013 22.04.2013 03.04.2013 02.01.2013 20.05.2013 06.05.2013 13.05.2013

2.01% 4.61% 3.55% 2.78% 0.67% 2.63% 2.86% 0.67% 1.16% 2.96% 6.07% 4.54% 6.56% 6.19% 3.29% 3.72% 1.62%

09.05.2013 15.04.2013 15.05.2013 02.08.2013 15.05.2013 17.04.2013 17.04.2013 24.06.2013 20.05.2013 13.06.2013 14.05.2013 01.05.2013 06.05.2013 16.05.2013 06.05.2013 02.04.2013 02.08.2013

3.99% 4.50%

3.11% 4.16%

14.11.2012 06.05.2013 06.03.2013 21.11.2012 29.03.2013 19.04.2013 28.11.2012 05.12.2012 11.04.2013 01.04.2013 10.06.2013 20.05.2013 20.05.2013 14.03.2013 13.05.2013 31.10.2012 26.04.2013 24.05.2013 02.01.2013 09.05.2013 19.04.2013 27.05.2013 23.01.2013 27.02.2013 20.05.2013 26.03.2013 06.03.2013

4.36% 1.62% 3.01% 1.72% 6.24% 2.11% 2.67% 1.29% 2.81% 6.01%

19.12.2012 16.01.2013 24.12.2012 27.02.2013 01.05.2013 20.05.2013 01.03.2013 06.05.2013 03.06.2013 15.05.2013

4.49% 7.14% 4.76% 5.40% 8.26% 2.31% 6.52%

06.05.2013 10.05.2013 15.05.2013 18.04.2013 20.03.2013 10.04.2013 05.12.2012 08.04.2013 06.05.2013 28.02.2013 14.12.2012 06.02.2013 02.04.2013 01.07.2013

33.67 29.19 31.56 20.70

31.66 29.19 31.69 20.38

36.24 45.70

12.12.2012 06.02.2013 22.05.2013 20.05.2013 05.06.2013 14.11.2012 16.07.2013

1.80% 4.25% 2.08% 0.51% 6.30% 1.08% 14.71% 3.15% 4.61% 3.43% 2.22% 4.61% 5.26%

1.88% 4.42% 4.18% 3.85% 2.88% 3.76% 6.64% 3.41% 4.56% 7.05% 2.55% 4.55% 4.51% 1.20% 5.03% 5.47% 8.52% 2.33%

3.47% 1.88% 6.95% 3.03% 6.08% 2.89% 9.18% 2.49% 2.20% 2.24% 3.24%

0.102

36.82

36.54

36.78

36.28

32.95

32.95

30.83

30.35

0.102

0.050 -0.061

0.009

0.007

0.000

0.077

0.017

0.004

0.003

0.025

0.010

0.001

0.000

0.000 -0.001 0.000

-0.290 -0.195 -0.190 0.129 -0.571 -0.201

-0.240 -0.248 -0.258 0.129 -0.515 -0.262

-0.222 -0.246 -0.264 0.081 -0.430 -0.249

-0.162 -0.256 -0.181 -0.032 -0.212 -0.208

-0.034 -0.034 -0.034 0.028 -0.254 -0.254 0.020 -0.064 -0.028 0.071 0.020 0.008 -0.162 -0.124 0.040 -0.187 -0.187 0.016

0.012 0.006 0.006 0.008 0.009 0.004

0.008 0.005 0.004 0.007 0.003 0.003

0.003 0.003 0.002 0.003 0.001 0.003

-0.237 -0.237 -0.219 -0.138

0.005

0.005

0.004

0.001

-0.159 -0.194 0.114 -0.055 -0.161 -0.113 -0.132 -0.157

0.003 0.011 0.001 -0.030 -0.030 -0.024 0.005 0.024 -0.100 -0.100 0.039 0.035 -0.073 -0.057 0.009

0.003 0.006 0.001 0.001 0.009 0.013 0.010 0.009

0.003 0.005 0.001 0.001 0.007 0.005 0.004 0.007

0.002 0.003 0.001 0.001 0.004 0.001 0.001 0.002

-0.034 -0.034 -0.033 -0.019 -0.162 -0.162 -0.182 -0.219

0.004 0.003

0.003 0.003

0.002 -0.001 0.003 0.003

-0.180 -0.202 -0.201 -0.193 -0.167 -0.183 -0.025 -0.025 -0.043 -0.095

0.012 0.006

0.006 0.006

0.004 0.005

-0.771 -0.674 -0.685 0.000 -0.055 -0.029 0.005 0.007 -0.078 -0.078 0.020 0.076 0.025 0.005

0.000 0.000 0.007 0.010 0.010 0.005

-0.277 -0.272 -0.235 -0.168 -0.093 -0.093 0.023 -0.335 -0.207 -0.172 -0.152 -0.157 -0.173 -0.183 0.012 0.015 0.015 0.006 0.009 0.016 0.007 0.016

25.46

23.78

20.09 30.62

36.86

51.06

38.21

33.94 31.20

39.22

0.022

0.009

0.002 0.001 0.001

0.002 0.002 0.001 0.000 -0.003

0.001 0.003

0.002 0.003

0.001

0.001

0.001

0.001

0.001

0.001

0.001

0.001

0.002 0.002

0.002

0.002

0.003 0.000 0.006 0.008 0.006 0.004

0.010 0.000 0.002 0.004 0.002 0.002

0.012 0.001

0.010 0.001

0.003 0.001

0.003

0.006 0.005 0.002

0.003 0.004 0.000

0.002 0.002 0.000

0.001 0.002 0.000

0.001 0.002 0.000

-0.392 -0.300 -0.269 -0.192 -0.123 -0.145 -0.148 0.012 0.062 0.005 -0.033 -0.056 -0.001 -0.066 0.015

0.005 0.007

0.003 0.005

0.001 0.002

0.002 0.001

0.002 0.001

0.002

-0.326 -0.194 -0.160 -0.135 -0.072 -0.065 -0.042 0.020

0.005

0.002

0.002

0.001

0.002

0.003

-0.220 -0.220 -0.208 -0.134

0.003

0.003

0.002

0.001

-0.033 -0.021 0.003 0.006 0.001 0.044 0.039 0.013 0.347 0.454 0.013

0.000 0.000 0.006 0.005

0.000 0.000 0.004 0.004

0.000 0.000 0.000 0.000 0.002 0.001 0.002 -0.003

0.000 0.001 0.000 0.012

0.000

0.026 0.001 0.020 0.014 0.000 -0.002 0.003 0.003 0.003

0.015 0.005 -0.002 0.000 -0.001 0.000 0.002 0.001 0.011 0.004 0.010 0.005 0.000 0.000 0.000 0.000 0.005 0.002 0.001 0.002 0.005 0.002 0.002 0.000 -0.001 -0.001 0.002 0.000

-0.224 -1.128 0.114 -0.081 -0.140 -0.315 -0.346 -0.225

0.018 -0.031 -0.180 -0.375 -0.113 -0.073

-0.224 -0.729 0.114 -0.072 -0.198 -0.131 -0.289 -0.225

-0.004 -0.010 -0.180 -0.163 -0.202 -0.073

-0.202 -0.548 0.114 -0.077 -0.205 -0.091 -0.238 -0.213

-0.119 -0.006 -0.175 -0.120 -0.197 -0.087

-0.487 -0.012 -0.118 -0.072 -0.123 -0.111

0.000

-0.025 0.004 0.060 0.288

0.001

-0.057 0.003 -0.036 -0.092

-0.053 0.006 -0.047 -0.111

-0.050 0.003 -0.040 -0.117

-0.048 0.006 -0.008 -0.004

-0.205 -0.189 -0.550 -0.219 -0.010 0.855 0.207 -0.269 -0.058

-0.182 -0.051 -0.329 -0.230 -0.013 0.855 0.061 -0.207 -0.092

-0.164 -0.026 -0.226 -0.221 -0.009 0.521 -0.011 -0.189 -0.092

-0.111 0.115 0.069 -0.027 0.086 -0.026 -0.148 0.005 -0.005 0.002

0.056 0.012 0.042 0.023 0.003 -0.002 -0.098 -0.123 -0.019 0.015 -0.108 0.002 0.016 0.054 0.008 -0.068 0.002 0.034

0.009

0.003

0.001 0.016

-0.231 -0.220 -0.224 -0.199 -0.117 -0.095

0.025

0.011

0.007

0.003

-0.293 -0.304 -0.297 -0.221

0.014

0.010

0.009

0.005

-0.066 -0.165 -0.028 -0.013 0.018 0.000 0.001 -0.276 -0.502 -0.950 -1.250 0.020 0.007 0.003 0.006 -0.031 0.019

0.015 0.000 0.009 0.003 0.004

0.014 0.000 0.007 0.002 0.001

0.002 0.000 0.001

0.001 -0.002 -0.001 0.001

0.008

0.000

0.000

0.001

0.006

0.000

0.000

0.000

0.000

0.001

-0.095 -0.086 -0.088 -0.082 -0.066 -0.070 -0.030 0.003 0.008 0.000 -0.033 -0.076 -0.212 -0.284 -0.286 -0.200 -0.131 -0.131

0.005 0.006 0.028

0.001 0.000 0.009

0.001 0.000 0.006

0.001 0.000 0.004

0.001 0.000 0.003

0.001 0.002 0.003

43.66 41.67

-0.226 -0.168 -0.094 0.066 0.084 0.044 -0.071 -0.162 -0.166 -0.140 -0.127 -0.127

0.037 0.012

0.001 -0.006 -0.006 -0.002 0.001 0.007 0.006 0.002 0.001 0.001

18.59

18.72

-0.065 -0.059 -0.047 -0.022 -0.016 -0.010

0.002

0.002

0.002

0.001

0.001

0.002

62.66 26.28

61.39 26.66

26.41

-0.009 0.001 0.003 -0.024 -0.074 -0.109 0.002 -0.220 -0.133 -0.128 -0.133 -0.118 -0.100 -0.077 0.010

0.000 0.002

0.000 0.002

0.000 0.002

0.000 0.003

0.002 0.003

0.003

24.20

25.16

25.28

25.80

-0.358 -0.324 -0.301 -0.220 -0.146 -0.129 -0.129 0.010

0.007

0.006

0.003

0.002

0.002

0.002

30.04 29.15 32.20 20.38

30.91 28.96 33.26 20.62

33.19 29.44 34.10 21.80

29.44 32.36 21.82

33.31

-0.650 -0.236 -0.235 -0.211

0.004

36.05

35.99

35.97

37.37

36.86

40.84

38.44

36.76

29.15

29.00

28.44

25.76

25.68

25.78

25.83

25.87

25.82

26.13

36.38

37.45

37.42

37.62

39.46

67.13

70.16

70.35

67.71

64.79

49.97 45.21

49.97 42.22

49.41 40.82

47.92 38.95

38.47

-0.399 0.009 -0.179 -0.177 -0.034

-0.267 0.000 -0.173 -0.142 -0.021

0.003

0.001

0.003

0.010

-0.653 -0.236 -0.193 -0.055

-0.857 -0.221 -0.199 -0.017

-0.112 -0.164 -0.205 0.001

0.030 0.068 -0.045 -0.045 0.003 -0.195 -0.217 -0.229 0.006 -0.007 -0.038 0.013

0.033 0.003 0.002 0.002

0.031 -0.001 0.000 0.003 0.002 0.000 0.002 0.002 0.002 0.000 0.000 0.000

0.000 0.003 0.000

-0.028 0.004

0.005

0.000

0.011 -0.016

0.005

0.000

0.000

0.000

-0.265 -0.228 -0.208 -0.256 -0.133 -0.147 -0.107 0.004

0.005

0.004 -0.001 -0.001 0.000

0.000

-0.204 -0.092 -0.071 -0.080 -0.098 -0.092 -0.093 0.012

0.001

0.000

0.001

0.001

0.001

0.001

40.22

0.020 -0.007 -0.006 0.007 -0.073 -0.095

0.002

0.000

0.000

0.000

0.001

0.002

64.79

-0.289 -0.329 -0.303 -0.200 -0.185 -0.185

0.013

0.005

0.003

0.001

0.002

0.002

39.24

-0.146 -0.146 -0.161 -0.184 0.001 -0.231 -0.221 -0.216 -0.164 -0.140 -0.134 -0.188 0.014

0.001 0.008

0.001 0.006

0.002 0.003

0.003

0.004

36.67

Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |

0.000

0.000

0.008


16.10.2012

Stoxx 600 Index

Ticker

Name

GICS_SECTOR_NAME

ATM3 Ref

Dividend Yield

Next ExDividend Date

At The Money Implied Volatilities by Terms

Option Implied Volatility Skew Parameters by Terms: 2 IVt = atx + btx + ct

ATM3 ATM3 ATM3 ATM3 ATM3 ATM3 ATM3 Vol - 30D Vol - 60D Vol - 90D Vol - 6M Vol - 12M Vol - 18M Vol - 24M

Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew Skew (a) (a) (a) (a) (a) (a) (a) (b) (b) (b) (b) (b) (b) (b) 30D 60D 90D 6M 12M 18M 24M 30D 60D 90D 6M 12M 18M 24M

UTDI GY Equity

UNITED INTERNET AG-REG SHARE

Information Technology

15.60

1.92%

03.06.2013

21.99

21.80

22.06

23.52

26.29

26.26

-0.010 -0.191 -0.224 -0.177 -0.126 -0.130 -0.129 0.013

0.008

0.007

0.002

0.001

0.001

PARG SE Equity

PARGESA HOLDING SA-BR

Financials

64.40

4.66%

09.05.2013

17.34

17.02

16.90

16.83

17.74

17.46

-0.281 -0.200 -0.186 -0.192 -0.206 -0.221

0.016

0.005

0.003

0.003

0.003

0.003

BPSO IM Equity

BANCA POPOLARE DI SONDRIO

Financials

4.60

3.26%

22.04.2013

44.69

44.94

44.89

45.25

47.67

45.86

26.85

-0.002 0.016

0.011 -0.034 -0.083 -0.133

0.003

0.000

0.000

0.000

0.000

0.002

ACKB BB Equity

ACKERMANS & VAN HAAREN

Financials

62.83

TKA AV Equity

TELEKOM AUSTRIA AG

28.97

26.65

26.06

25.74

27.08

24.40

0.307

0.080 -0.071 0.366

55.72

53.24

52.26

50.92

50.83

53.96

2.75%

31.05.2013

Telecommunication Services 5.68

0.88%

23.05.2013

RATOB SS Equity RATOS AB-B SHS

Financials

57.55

9.56%

08.04.2013

UG FP Equity

PEUGEOT SA

Consumer Discretionary

5.80

ULE LN Equity

ULTRA ELECTRONICS HLDGS PLC

Industrials

1633.00

2.65%

10.04.2013

STB NO Equity

STOREBRAND ASA

Financials

29.78

3.69%

11.04.2013

53.68

53.68

53.62

53.45

SK FP Equity

SEB SA

Consumer Discretionary

52.79

2.46%

15.05.2013

28.25

28.13

28.12

28.12

28.94

28.54

SAZ GY Equity

STADA ARZNEIMITTEL AG

Health Care

23.28

2.79%

06.06.2013

36.22

34.25

33.43

31.98

33.15

32.65

33.89

0.032

SPR GY Equity

AXEL SPRINGER AG

Consumer Discretionary

33.30

5.26%

18.04.2013

21.78

21.57

21.33

20.88

22.32

22.85

24.14

AALB NA Equity

AALBERTS INDUSTRIES NV

Industrials

14.34

2.44%

29.04.2013

20.52

21.06

21.52

22.52

-0.240 -0.149 -0.132 -0.111

ZOT SQ Equity

ZARDOYA OTIS SA

Industrials

9.01

5.55%

12.12.2012

NES1V FH Equity NESTE OIL OYJ

Energy

10.58

3.78%

15.04.2013

34.08

33.76

33.94

34.18

ELE SQ Equity

ENDESA SA

Utilities

16.10

6.40%

03.01.2013

30.57

29.41

29.72

28.40

28.35

28.07

29.13

-0.080 -0.055 -0.041 -0.028 -0.012 0.046

DEQ GY Equity

DEUTSCHE EUROSHOP AG

Financials

30.81

3.57%

21.06.2013

21.47

21.83

21.94

20.70

22.25

21.17

21.79

MPI LN Equity

MICHAEL PAGE INTERNATIONAL

Industrials

359.30

2.85%

01.05.2013

RBI AV Equity

RAIFFEISEN BANK INTERNATIONA

Financials

31.69

3.31%

03.07.2013

34.58

38.36

38.98

38.10

37.25

42.99

-0.692 -0.289 -0.186 -0.094 0.257

0.588

CFAO FP Equity

CFAO

Consumer Discretionary

MTO LN Equity

MITIE GROUP PLC

Industrials

296.70

3.45%

12.12.2012

COFB BB Equity

COFINIMMO

Financials

88.06

7.38%

29.04.2013

13.73

13.67

13.66

13.66

14.87

13.90

TT/ LN Equity

TUI TRAVEL PLC

Consumer Discretionary

248.50

4.79%

06.03.2013

HIK LN Equity

HIKMA PHARMACEUTICALS PLC

Health Care

755.00

1.23%

17.04.2013

VIG AV Equity

VIENNA INSURANCE GROUP AG

Financials

33.56

3.58%

13.05.2013

24.13

25.68

26.30

26.40

27.15

30.96

DLAR LN Equity

DE LA RUE PLC

Industrials

1050.00

4.03%

12.12.2012

FNTN GY Equity

FREENET AG

Telecommunication Services 12.86

9.33%

10.05.2013

16.18

17.34

17.95

18.86

20.92

17.66

HAS LN Equity

HAYS PLC

Industrials

79.70

3.14%

27.02.2013

OERL SE Equity

OC OERLIKON CORP AG-REG

Industrials

9.11

32.68

32.25

32.13

32.86

34.41

34.45

ELM LN Equity

ELEMENTIS PLC

Materials

228.00

2.16%

01.05.2013

TRYG DC Equity

TRYG A/S

Financials

381.80

3.54%

19.04.2013

22.57

21.27

21.34

22.77

RCF FP Equity

TELEPERFORMANCE

Industrials

23.61

2.33%

03.06.2013

26.63

26.59

26.57

26.19

26.31

26.63

JLT LN Equity

JARDINE LLOYD THOMPSON GROUP

Financials

775.50

3.38%

03.04.2013

PZC LN Equity

PZ CUSSONS PLC

Consumer Staples

317.80

2.30%

20.02.2013

PNL NA Equity

POSTNL NV

Industrials

2.83

EMSN SE Equity

EMS-CHEMIE HOLDING AG-REG

Materials

212.40

GCC ID Equity

C&C GROUP PLC

Consumer Staples

EBRO SQ Equity

EBRO FOODS SA

Consumer Staples

SPT LN Equity

SPIRENT COMMUNICATIONS PLC

Information Technology

GXI GY Equity

GERRESHEIMER AG

Health Care

38.98

AMEAS FH Equity AMER SPORTS OYJ

Consumer Discretionary

SOF BB Equity

SOFINA

Financials

SZG GY Equity

SALZGITTER AG

Materials

IMG LN Equity

IMAGINATION TECH GROUP PLC

Information Technology

477.80

BCVN SE Equity

BANQUE CANTONALE VAUDOIS-REG

Financials

499.75

RF FP Equity

EURAZEO

05.06.2013

55.62

0.044

0.019

0.012

0.002 -0.003 -0.002

-0.227 -0.184 -0.160 -0.133 -0.189 -0.153 -0.397 0.018

0.183

0.008

0.006

0.003

-0.280 -0.280 -0.252 -0.175

0.008

0.005 -0.003

-0.011 0.009

0.009

0.007

0.476

0.008 0.003

0.001

0.001

0.001 -0.001 -0.007

0.006 -0.001 -0.001 0.000

0.000

0.000

0.015

0.008

0.007

0.003

0.001

0.000

0.000

0.049 -0.045 -0.062 -0.025 -0.034 -0.071 -0.089 0.014

0.003

0.001

0.000

0.000

0.000

0.000

0.032

0.011

0.006

0.003

0.010

0.002

0.001

0.001

0.003

0.001

0.001

0.001

0.001

0.001 -0.002

-0.313 -0.221 -0.199 -0.127 -0.148 -0.084 -0.088 0.012

0.005

0.004

0.003

0.003

0.002

0.039

0.008

0.003

0.004 -0.011 -0.005

-0.065 -0.056 -0.051 -0.011 0.010 -0.013

0.010

0.009

0.007

0.000

0.000

-0.378 -0.199 -0.186 -0.113 0.455

0.015 -0.014 -0.060 -0.042 -0.021 0.005

-0.235 -0.135 -0.116 -0.111 0.061

0.003

37.24

18.27

0.072

0.026

0.014

0.006

0.000 -0.005

-0.207 -0.197 -0.185 -0.112 -0.055 -0.039 -0.029 0.035

0.014

0.008

0.003

0.001

-0.220 -0.165 -0.160 -0.177 -0.185 -0.226

0.017

0.005

0.004

0.001 -0.001 0.000

-0.171 -0.057 -0.032 -0.001

0.007

0.001

0.001

0.000

0.011

0.001

0.000

0.000

0.000

0.000

0.031

0.012

0.008

0.005

0.004

0.004

0.027

0.008

0.003

0.000

0.001

0.002

-0.195 -0.018 0.012

34.21

0.020

0.626

0.001

0.048

0.061

-0.271 -0.189 -0.157 -0.025 0.169

0.169

0.169

0.003

0.004

11.97%

23.04.2013

42.13

43.26

43.37

39.61

34.21

34.21

3.79

2.40%

31.10.2012

27.75

27.80

28.94

31.69

31.37

30.67

14.30

3.46%

11.01.2013

35.45

32.86

31.25

26.69

23.24

18.80

18.51

-0.116 -0.106 -0.100 -0.084 -0.029 0.093

0.001

0.002

0.002

0.002

0.001

0.001

0.001

150.50

1.38%

06.03.2013

1.80%

19.04.2013

18.11

19.19

20.14

22.36

25.31

24.98

25.31

-0.028 -0.143 -0.180 -0.163 -0.117 -0.093 -0.080 0.019

0.006

0.005

0.003

0.002

0.002

0.002

10.27

3.89%

11.03.2013

64.99

3.22%

29.04.2013

15.45

15.27

15.22

15.21

15.73

15.56

0.002

0.013

0.003

0.001

0.000

0.000

0.000

31.59

1.42%

23.05.2013

38.15

36.98

36.65

36.16

36.57

37.25

-0.324 -0.268 -0.248 -0.202 -0.134 -0.103 -0.082 0.013

4.40%

07.05.2013

23.87

23.91

23.93

23.84

24.76

23.99

-0.045 -0.005 -0.002 0.005

-0.184 -0.136 -0.158 -0.255 -0.230 -0.246

38.14

0.003

0.124

0.001 -0.002 0.001 -0.004

0.005

0.003

0.002

0.001

0.001

0.018

0.005

0.000

0.000

0.000

0.000

0.001

-0.014 0.000 -0.002 -0.001 0.005 -0.015

0.000

0.001

0.025

0.004

0.000

Financials

35.76

3.36%

16.05.2013

35.30

35.19

35.14

35.04

36.42

35.56

0.007

0.000

0.000

0.000

KCR1V FH Equity KONECRANES OYJ

Industrials

23.26

4.30%

05.04.2013

BME SQ Equity

BOLSAS Y MERCADOS ESPANOLES

Financials

16.77

15.50%

21.12.2012

33.36

31.14

31.15

25.59

15.38

34.01

40.67

-0.144 -0.257 -0.244 -0.034 0.615 -0.067 -0.103 0.000

0.005

0.005

0.002 -0.004 -0.003 -0.004

TRE SQ Equity

TECNICAS REUNIDAS SA

Energy

37.04

3.62%

21.01.2013

34.62

33.93

33.22

32.31

31.96

31.72

31.80

-0.144 -0.186 -0.168 -0.109 -0.091 -0.092 -0.087 0.000

0.000 -0.001 -0.002 -0.002 -0.002 -0.003

VATN SE Equity

VALIANT HOLDING AG-REG

Financials

88.85

3.60%

24.05.2013

26.45

26.52

26.53

26.57

27.68

27.57

-0.036 -0.001 0.000 -0.005 -0.009 -0.032

0.003

0.000

0.000

0.000

0.000

0.000

ANA SQ Equity

ACCIONA SA

Utilities

45.05

6.88%

21.01.2013

41.89

41.01

39.83

35.20

34.12

32.12

33.06

-0.236 -0.262 -0.242 -0.126 -0.088 -0.057 -0.114 0.000

0.000

0.001

0.002

0.002

0.002

0.003

CLS1 GY Equity

CELESIO AG

Health Care

14.95

2.48%

17.05.2013

23.54

23.73

24.44

26.43

28.67

29.11

29.52

-0.397 -0.280 -0.233 -0.184 -0.120 -0.092 -0.073 0.017

0.008

0.006

0.003

0.002

0.002

0.002

KABN SE Equity

KABA HOLDING AG-REG B

Industrials

365.25

2.46%

25.10.2013

13.02

14.15

14.66

15.15

15.06

14.45

0.008 -0.041 -0.043 0.000

0.042

0.013

0.005

0.003

0.002

0.003

0.005

FI/N SE Equity

FISCHER (GEORG)-REG

Industrials

339.25

4.13%

24.06.2013

23.14

21.69

22.22

23.84

21.90

22.29

-0.092 -0.029 -0.046 -0.179 -0.094 -0.081

0.004

0.001

0.001

0.001

0.002

0.002

ALLN SE Equity

ALLREAL HOLDING AG-REG

Financials

138.40

4.25%

04.04.2013

MS IM Equity

MEDIASET SPA

Consumer Discretionary

1.63

3.08%

20.05.2013

46.44

45.86

45.25

43.47

42.13

42.13

-0.253 -0.142 -0.167 -0.188 -0.229 -0.229

0.022

0.002

0.002

0.004

0.003

0.003

LOGN SE Equity

LOGITECH INTERNATIONAL-REG

Information Technology

8.16

47.99

44.42

42.69

40.17

48.16

47.48

-0.368 -0.328 -0.366 -0.511 -0.479 -0.421

0.010

0.005

0.006

0.007 -0.005 -0.005

ECM LN Equity

ELECTROCOMPONENTS PLC

Information Technology

210.70

5.70%

05.12.2012

CWC LN Equity

CABLE & WIRELESS COMMUNICATI

Telecommunication Services 36.21

0.126

VER AV Equity

VERBUND AG

0.126

0.006

6.85%

14.11.2012

25.69

25.69

25.87

25.23

0.004

0.004

0.006

0.015

Utilities

17.09

3.63%

19.04.2013

27.28

25.01

24.23

23.13

23.94

17.92

-0.314 -0.191 -0.160 -0.095 0.399

0.585

0.061

0.026

0.016

0.004

HUFVA SS Equity HUFVUDSTADEN AB-A SHS

Financials

82.60

3.09%

22.03.2013

0.082 -0.097

DEC FP Equity

JC DECAUX SA

Consumer Discretionary

16.97

2.89%

17.05.2013

33.14

33.50

33.60

33.90

35.41

33.84

-0.002 0.007

0.064

0.006

0.000

0.000

0.000 -0.001 0.000

BKIA SQ Equity

BANKIA SA

0.014

0.023

0.061

Financials

1.03

HOLMB SS Equity HOLMEN AB-B SHARES

Materials

183.30

3.82%

28.03.2013

18.34

18.58

19.16

21.46

-0.094 -0.112 -0.118 -0.112

0.042

0.019

0.012

0.003

EXO IM Equity

EXOR SPA

Financials

20.73

1.69%

24.06.2013

23.65

25.32

26.11

27.20

-0.156 -0.192 -0.141 -0.076

0.011

0.001

0.001

0.000

JM SS Equity

JM AB

Consumer Discretionary

115.50

5.89%

29.04.2013

EVR LN Equity

EVRAZ PLC

Materials

242.30

7.68%

05.06.2013

FGP LN Equity

FIRSTGROUP PLC

Industrials

186.00

13.62%

02.01.2013

NCCB SS Equity

NCC AB-B SHS

Industrials

122.40

8.17%

10.04.2013

MOBN SE Equity

MOBIMO HOLDING AG-REG

Financials

216.00

4.17%

08.04.2013

NEX LN Equity

NATIONAL EXPRESS GROUP PLC

Industrials

205.80

4.98%

24.04.2013

ASM NA Equity

ASM INTERNATIONAL NV

Information Technology

37.92

37.58

37.84

38.75

0.144

0.009

0.004

0.002

0.001

BVIC LN Equity

BRITVIC PLC

Consumer Staples

355.70

5.03%

05.12.2012

10.22

4.89%

25.03.2013 -0.385 -0.309 -0.270 -0.197 -0.174 -0.186 -0.180 0.008

0.004

0.003

0.002

0.000

0.000

0.000

0.000

0.000

0.000

0.047

0.009 -0.001 0.004

0.017

KRA1V FH Equity KEMIRA OYJ

Materials

HOT GY Equity

HOCHTIEF AG

Industrials

ORI SS Equity

ORIFLAME COSMETICS SA-SDR

25.06

37.57

3.46%

13.05.2013

36.32

36.53

36.75

37.13

Consumer Staples

218.80

7.11%

22.05.2013

109.24

109.24

109.24

109.24

LUNDB SS Equity LUNDBERGS AB-B SHS

Financials

227.40

1.87%

09.04.2013

POG LN Equity

PETROPAVLOVSK PLC

Materials

SYDB DC Equity

SYDBANK A/S

440.00

2.73%

26.06.2013

Financials

106.90

1.40%

15.03.2013

ECMPA NA Equity EUROCOMMERCIAL PROPERTIE-CV

Financials

30.88

6.22%

31.10.2013

BPTY LN Equity

BWIN.PARTY DIGITAL ENTERTAIN

Consumer Discretionary

116.30

3.15%

08.05.2013

BIM FP Equity

BIOMERIEUX

Health Care

70.40

1.55%

03.06.2013

16.89

16.90

16.86

16.81

HAV FP Equity

HAVAS SA

Consumer Discretionary

4.10

3.17%

15.05.2013

30.08

30.08

31.96

36.66

WHA NA Equity

WERELDHAVE NV

Financials

45.36

7.06%

15.04.2013

20.54

20.06

20.22

20.30

ENRC LN Equity

EURASIAN NATURAL RESOURCES

Materials

325.60

2.29%

27.03.2013

49.08

49.08

48.92

48.31

MAU FP Equity

MAUREL ET PROM

Energy

11.28

3.55%

17.06.2013

30.08

30.56

30.55

WIN GY Equity

WINCOR NIXDORF AG

Information Technology

38.35

37.17

17.08

17.02

21.14

21.14

30.45

32.13

30.46 31.51

38.60

0.029 -0.005 -0.057

0.000

0.000

0.002

0.007

31.31

0.006

0.001

0.001

0.000

0.000

0.003

0.003

0.003

0.000

0.000

0.004

0.004

0.004

0.002

-0.383 -0.307 -0.273 -0.186 -0.032 -0.032 -0.032 0.023

0.011

0.008

0.004

-0.047 -0.047 -0.080 -0.172

0.001

0.001

0.002

0.004

0.003 -0.008 -0.010 -0.004 -0.021 0.007

0.010 -0.001 -0.001 0.000 -0.001 0.000

-0.020 -0.020 -0.015 -0.004 21.14

0.010

31.64

3.32%

22.01.2013

31.00

31.40

31.54

32.86

32.33

SSABA SS Equity SSAB AB-A SHARES

Materials

46.74

4.28%

27.03.2013

37.21

35.29

33.83

36.59

37.12

LMI LN Equity

LONMIN PLC

Materials

489.50

09.01.2013

46.32

46.32

46.57

46.44

-0.390 -0.302 -0.278 -0.267 -0.196 -0.189 -0.187 0.013

0.005

0.003

0.001

0.001

-0.288 -0.185 -0.154 -0.098 0.058

0.036

0.011

0.007

0.003

0.001

-0.050 -0.050 -0.096 -0.201

-0.001 -0.001 -0.001 -0.002

ACX SQ Equity

ACERINOX SA

Materials

8.24

6.07%

07.01.2013

36.48

35.11

34.61

32.72

31.10

30.53

29.95

-0.131 -0.159 -0.143 -0.072 0.007

NOBN SE Equity

NOBEL BIOCARE HOLDING AG-REG

Health Care

8.77

2.28%

02.04.2013

37.26

35.28

34.65

34.96

35.17

36.97

37.32

-0.175 -0.141 -0.125 -0.117 -0.071 -0.123 -0.160 0.005

0.001

0.002

0.001

AIXA GY Equity

AIXTRON SE

Information Technology

9.56

16.05.2013

43.84

43.78

43.17

41.35

41.30

39.61

39.87

-0.234 -0.206 -0.188 -0.172 -0.157 -0.207 -0.247 0.016

0.005

0.004

0.003

OPAP GA Equity

OPAP SA

Consumer Discretionary

4.22

16.35%

14.12.2012

64.63

64.63

64.63

64.63

GBB FP Equity

BOURBON SA

Energy

21.29

4.23%

03.06.2013

SGL GY Equity

SGL CARBON SE

Industrials

30.81

LEO GY Equity

LEONI AG

Consumer Discretionary

STMN SE Equity

STRAUMANN HOLDING AG-REG

Health Care

WCH GY Equity

WACKER CHEMIE AG

Materials

PUM GY Equity

PUMA SE

Consumer Discretionary

TOD IM Equity

TOD'S SPA

Consumer Discretionary

88.60

0.050

-0.356 -0.356 -0.356 -0.356

0.081

0.000 -0.001 -0.001 0.001

0.001

0.003

0.003

0.003

0.000

0.000

0.000

0.001

0.000 -0.001

0.002

0.005

0.005

0.007

-0.007 -0.007 -0.007 -0.007

0.65%

13.05.2013

26.60

25.22

25.92

29.08

29.37

26.18

26.35

-0.261 -0.206 -0.206 -0.266 -0.339 -0.324 -0.362 0.009

0.008

0.007

0.002

0.003

0.007

26.20

6.11%

17.05.2013

38.84

39.01

38.46

36.13

40.16

39.02

41.00

-0.179 -0.213 -0.216 -0.158 -0.066 -0.039 -0.005 0.008

0.004

0.004

0.002

0.000

0.000 -0.001

117.60

3.19%

22.03.2013

30.26

27.32

27.22

28.12

25.69

25.07

-0.110 -0.073 -0.064 -0.071 -0.049 -0.048

0.009

0.006

0.005

0.002

0.001

0.002

46.21

2.08%

17.05.2013

35.02

37.74

39.35

42.95

44.13

36.91

38.45

-0.062 -0.323 -0.403 -0.540 -0.719 -0.961 -1.149 0.002

0.001

0.001 -0.003 0.000

0.010

0.012

224.35

0.89%

25.04.2013

21.53

21.36

21.34

21.49

21.69

21.25

21.48

-0.065 -0.025 -0.020 -0.019 -0.029 -0.034 -0.035 0.008

0.000

0.000

0.000

0.000

3.10%

20.05.2013

0 #N/A Invalid Security

#N/A Invalid Security #N/A Invalid Security

#N/A Invalid Security

0 #N/A Invalid Security

#N/A Invalid Security #N/A Invalid Security

#N/A Invalid Security

0 #N/A Invalid Security

#N/A Invalid Security #N/A Invalid Security

#N/A Invalid Security

0 #N/A Invalid Security

#N/A Invalid Security #N/A Invalid Security

#N/A Invalid Security

0 #N/A Invalid Security

#N/A Invalid Security #N/A Invalid Security

#N/A Invalid Security

0 #N/A Invalid Security

#N/A Invalid Security #N/A Invalid Security

#N/A Invalid Security

0 #N/A Invalid Security

#N/A Invalid Security #N/A Invalid Security

#N/A Invalid Security

0 #N/A Invalid Security

#N/A Invalid Security #N/A Invalid Security

#N/A Invalid Security

0 #N/A Invalid Security

#N/A Invalid Security #N/A Invalid Security

#N/A Invalid Security

0 #N/A Invalid Security

#N/A Invalid Security #N/A Invalid Security

#N/A Invalid Security

0 #N/A Invalid Security

#N/A Invalid Security #N/A Invalid Security

#N/A Invalid Security

0 #N/A Invalid Security

#N/A Invalid Security #N/A Invalid Security

#N/A Invalid Security

0 #N/A Invalid Security

#N/A Invalid Security #N/A Invalid Security

#N/A Invalid Security

0 #N/A Invalid Security

#N/A Invalid Security #N/A Invalid Security

#N/A Invalid Security

0 #N/A Invalid Security

#N/A Invalid Security #N/A Invalid Security

#N/A Invalid Security

0 #N/A Invalid Security

#N/A Invalid Security #N/A Invalid Security

#N/A Invalid Security

0 #N/A Invalid Security

#N/A Invalid Security #N/A Invalid Security

#N/A Invalid Security

0 #N/A Invalid Security

#N/A Invalid Security #N/A Invalid Security

#N/A Invalid Security

0 #N/A Invalid Security

#N/A Invalid Security #N/A Invalid Security

#N/A Invalid Security

0 #N/A Invalid Security

#N/A Invalid Security #N/A Invalid Security

#N/A Invalid Security

0 #N/A Invalid Security

#N/A Invalid Security #N/A Invalid Security

#N/A Invalid Security

0 #N/A Invalid Security

#N/A Invalid Security #N/A Invalid Security

#N/A Invalid Security

0 #N/A Invalid Security 0 #N/A Invalid Security

#N/A Invalid Security #N/A Invalid Security #N/A Invalid Security #N/A Invalid Security

#N/A Invalid Security #N/A Invalid Security

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STOXX 600 Dividends and Implied Volatility Surfaces Parameters  

Dividends and Implied Volatility Surfaces Parameters