Michael Benhamou, Louis Capital Markets, & Stéphane Mesguiche, Kalstone

New Paris residential price index planned as basis for derivative products

Two French firms, Compass Financial Technologies, and Kalstone, the property arm of financial broker Louis Capital Markets, have launched a Paris residential price index, aiming eventually to use it as the base for derivative products. In an interview with Business Immo Editor Francois Perrigault, Louis Capital Markets Managing Partner Michael Benhamou and Stéphane Mesguiche, MD of Kalstone, explained how the index - PARISSQM – works, and revealed their ultimate ambitions.