Insights

Stories, insights and analysis of the major trends shaping structured products markets.

Industry Insights

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Stay on top of the latest structured product market developments and trends with all major product, technology, legal and industry insights in one place.

People

See key hires and staffing changes.

People
Exclusive: Leonteq adds head of investment solutions role to Paris office

17 December 2024

Exclusive: Leonteq adds head of investment solutions role to Paris office

The Swiss firm has created the senior position to ‘further strengthen the governance’ of its European operations.

People
SG bolsters global markets team

04 Dec 2024

SG bolsters global markets team

The French bank has tapped BNPP for a new co-head of global markets as it pushes into fixed income and has made two internal hires in the division.

People
Exclusive: Causeway Securities opens NYC office, adds former iCapital executive

18 Nov 2024

Exclusive: Causeway Securities opens NYC office, adds former iCapital executive

The UK structured product intermediary has opened a Manhattan office today as part of its "aggressive hiring and business plan”.

People
Exclusive: BMO Capital Markets expands Asia EQD business with CS hires

14 Nov 2024

Exclusive: BMO Capital Markets expands Asia EQD business with CS hires

The bankers join the Canadian bank to build its equity derivatives desk in Asia, led by the former head of Asia Pacific markets sales at Credit Suisse.

People
People: Barclays names new Emea rates head, StanChart bolsters wealth solutions

06 Nov 2024

People: Barclays names new Emea rates head, StanChart bolsters wealth solutions

In this week’s roundup, we also look at latest hires at Standard Chartered, LPA, Amundi and Commerzbank.

Products

An in-depth review of the latest product launches.

Products
Top underlyings Americas 2024: S&P 500 futures index ends year on a high

20 December 2024

Top underlyings Americas 2024: S&P 500 futures index ends year on a high

We review the most featured underlying assets in the structured products issued year-to-date (YTD) across the US, Canada and Latin American markets, based on SRP data.

Products
Product wrap: Natixis hits transatlantic trail, MS targets global brands

20 Dec 2024

Product wrap: Natixis hits transatlantic trail, MS targets global brands

In this week’s wrap we look at a selection of structured products with strike dates between 15-21 December 2024.

Products
Top underlyings Apac 2024: Tech stocks, chip manufacturers and FX rates remain on top

18 Dec 2024

Top underlyings Apac 2024: Tech stocks, chip manufacturers and FX rates remain on top

As we approach the year-end, we review the most featured underlying assets in structured products issued year-to-date across the Asia Pacific market.

Products
Best-sellers Americas 2024: mega trades on single stock lead the pack

17 Dec 2024

Best-sellers Americas 2024: mega trades on single stock lead the pack

We review some of the best-selling products in the US and Mexican markets year-to-date, according to SRP data.

Products
UBS cashes in on commodity trends, on track to post $13bn sales in US

16 Dec 2024

UBS cashes in on commodity trends, on track to post $13bn sales in US

The Swiss bank has brought the largest commodity trade in the US structured note market in two years, on the back of a rising demand for commodities and its completed integration with Credit Suisse.

Regulation

Updates and commentary on evolving market regulation.

Regulation
UK regulator to phase out Priips in shift from EU

20 December 2024

UK regulator to phase out Priips in shift from EU

A new regime will replace the current retail investor disclosure framework as it continues to diverge from the European Union .

Regulation
Leonteq to pay US$10m for breaching risk management, suitability obligations

12 Dec 2024

Leonteq to pay US$10m for breaching risk management, suitability obligations

Finma has ordered the structured products provider to halt its existing relationships as well as new business with unregulated distributors.

Regulation
Ex-Allianz senior manager spared prison in Structured Alpha saga

10 Dec 2024

Ex-Allianz senior manager spared prison in Structured Alpha saga

The co-lead manager of the structured fund has avoided prison time due to health issues regarding a multi-billion-dollar fraud scheme.

Regulation
Barclays reaches US$19.5m settlement over mis-sold ETNs

04 Dec 2024

Barclays reaches US$19.5m settlement over mis-sold ETNs

The British bank has agreed to pay US$19.5m over the fallout of its structured product over-issuances after over two years since the blunder was reported to the regulator.

Regulation
RIS is 'complex and bureaucratic': finance sector slams EU's regulatory framework

02 Dec 2024

RIS is 'complex and bureaucratic': finance sector slams EU's regulatory framework

The European Structured Investment Products Association (Eusipa) and 11 other financial associations have sounded the alarm on the upcoming European Retail Investment Strategy (RIS), calling for a competitiveness check on regulation.

Technology

Discover technological advances in the industry.

Technology
Australia’s Stropro gears up for capital raise for global expansion

23 October 2024

Australia’s Stropro gears up for capital raise for global expansion

The Sydney-based structured product investment platform makes key hires for its global push roadmap and develops AI-powered tools.

Technology
Arta deploys AI copilot, goes global

15 Oct 2024

Arta deploys AI copilot, goes global

The US digital wealth management platform has partnered with Abu Dhabi's Wio Invest to launch wealth-as-a-service for banks globally.

Technology
Korea’s Qraft Technologies capitalises on AI-powered strategies for asset allocations

14 Aug 2024

Korea’s Qraft Technologies capitalises on AI-powered strategies for asset allocations

The Seoul-based AI fintech firm has co-designed an AI-powered index with Solactive to replicate a hedge fund’s long-short investment strategy, which has been deployed via structured products sold in Korea.

Technology
Part 2 - 3AI: passive investing enters new phase as "intelligent" indices evolve

07 Aug 2024

Part 2 - 3AI: passive investing enters new phase as "intelligent" indices evolve

The UK AI company is "scientifically pioneering" the future of alpha intelligence for passive investing as well as developing new enhanced indices.

Technology
3AI enters partnership to launch AMC, goes global with Barclays on alpha tilted indices

06 Aug 2024

3AI enters partnership to launch AMC, goes global with Barclays on alpha tilted indices

The UK artificial intelligence company has entered into a partnership to launch an actively managed certificate (AMC) and expanded the deal with Barclays on alpha tilted indices globally.

Market

Key industry events and change drivers.

Market
China Market Review, November 2024: XAU/USD pair continues to rule, HSBC deploys new Nasdaq risk control play

19 December 2024

China Market Review, November 2024: XAU/USD pair continues to rule, HSBC deploys new Nasdaq risk control play

Over 28% of the structured retail deposits issued last month track the exchange rate gold (XAU) to US dollar (USD) pair.

Market
Derivia Middle East 2024: Bloomberg - foundations to continue expanding the market are in place

19 Dec 2024

Derivia Middle East 2024: Bloomberg - foundations to continue expanding the market are in place

Bloomberg's “persistent and continuous involvement and offering” in the Middle East structured products market has been recognised by local players.

Market
Arrow to launch SMA investment advisory

19 Dec 2024

Arrow to launch SMA investment advisory

The start-up founded by two former Morgan Stanley executives is expanding into separately managed accounts (SMAs) in the US.

Market
Schroders: call spread collars, risk reversal deliver protection

18 Dec 2024

Schroders: call spread collars, risk reversal deliver protection

The UK asset manager has unveiled some of the equity derivatives strategies adding value to investors in the current market environment in its latest equity derivatives (EQD) research.

Market
Digital assets: SG-FORGE sets liquidity provision for its MiCA-compliant stablecoin

17 Dec 2024

Digital assets: SG-FORGE sets liquidity provision for its MiCA-compliant stablecoin

Plus: Cega to phase out platform following acquisition; Valour launches ETPs in Sweden, Margarita gets backing for on-chain structured products; CoinShares BITC becomes Europe's largest BTC physical ETP.

Data Insights

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Leverage SRP’s data analysis, backed by the world’s structured product database, for an in-depth view of the market’s key trends and dynamics.

Market Reviews

An in-depth view of market activity in some of the world’s most dynamic markets.

Market Reviews
South Korea Market Review, November 2024: principal protection takes centerstage, autocalls lose traction

12 December 2024

South Korea Market Review, November 2024: principal protection takes centerstage, autocalls lose traction

Sales of equity-linked bonds have skyrocketed by 53% MoM, while sales of equity-linked securities were almost cut by half 46% compared to the prior-month.

Market Reviews
Hong Kong Market Review, November 2024: listed products turnover retreats, Xiaomi warrants picked by retail

11 Dec 2024

Hong Kong Market Review, November 2024: listed products turnover retreats, Xiaomi warrants picked by retail

Listed structured products saw a 23% MoM drop in average daily turnover last month. Among non-listed products, equity-linked investments maintained strong issuance.

Market Reviews
US Market Review, Oct 2024: rollover money keeps pumping up sales volumes

05 Dec 2024

US Market Review, Oct 2024: rollover money keeps pumping up sales volumes

Four out of the five monthly best-sellers worth a combined US$334m were priced by Canadian banks on the same day.

Market Reviews
Switzerland Market Review, October 2024: capital protection rebounds

29 Nov 2024

Switzerland Market Review, October 2024: capital protection rebounds

Yield enhancement products lost some momentum in Switzerland last month as capital protection almost doubled its market share.

Market Reviews
UK Market Review, October 2024: index baskets in demand as autocall remains top payoff

27 Nov 2024

UK Market Review, October 2024: index baskets in demand as autocall remains top payoff

Products linked to a basket of indices significantly increased their market share as the autocall remained the number one payoff.

Analysis

Explore key market themes backed by SRP’s proprietary analysis.

Analysis
Spotlight on… capital protection in Asia Pacific

20 December 2024

Spotlight on… capital protection in Asia Pacific

Capital protection products have seen an increasing in sales volume in 2024 across Asia Pacific markets ex-China driven by the shift away from capital-at-risk products by Korean investors.

Analysis
Best-sellers Apac 2024: FX linked deposits rule in China, autocalls remain top seller across the region

16 Dec 2024

Best-sellers Apac 2024: FX linked deposits rule in China, autocalls remain top seller across the region

We review some of the best-selling products across Asia Pacific (Apac) markets year-to-date based on SRP data.

Analysis
Europe Q3 2024 (part 1): slowdown in sales, YTD performance remains strong

06 Dec 2024

Europe Q3 2024 (part 1): slowdown in sales, YTD performance remains strong

Dynamics for European sales volumes and product issuance in 2024 showed a strong start followed by moderated performance later in the year.

Analysis
Distribution channels in focus

04 Dec 2024

Distribution channels in focus

Structured product distribution patterns vary significantly in different markets around the world.

Analysis
Spotlight on Apac: best-performing products in 2024 YTD

29 Nov 2024

Spotlight on Apac: best-performing products in 2024 YTD

Nvidia-linked products deliver the best performance among all underlyings in the Asia-Pacific region in 2024 YTD.

Special Reports

Our special reports provide in-depth analysis and actionable insights on emerging trends and market dynamics. Each report is meticulously researched, offering valuable perspectives that help you stay informed with access to exclusive data and expert commentary.

SRP Wrapper Guide Americas 2024
SRP Wrapper Guide Americas 2024

The SRP Wrappers Report Americas 2024 provides an in-depth analysis of the structured investment product wrappers across key markets in the Americas, highlighting regional trends, regulatory developments, and market performance.

SRP Global Market Overview - H1 2024
SRP Global Market Overview - H1 2024

The SRP Global Market Review H1 2024 provides an extensive analysis of structured product markets worldwide, highlighting key trends in capital protection, equity-linked products, and regional sales performance.

France Structured Products Performance Overview
France Structured Products Performance Overview

The SRP French Market Report 2024 analyses the structured products landscape in France, focusing on key trends, regulatory developments, and the growing popularity of equity-linked and capital-protected solutions.