Insights

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

Latest Insights

Read the latest stories, insights and analysis of the major trends shaping structured products markets.

Market
SRP Europe 2025: Poland, a market on the up
SRP Europe 2025: Poland, a market on the up

In a fast growing market dominated by foreign issuers, panellist believe the first Polish issued structured products will be listed in Warsaw soon.

Market
Marex’s structured notes revenue up 40% in 2024
Marex’s structured notes revenue up 40% in 2024

The British non-bank issuer also saw the fair value of its structured notes jump 44% from a year ago as it continues to expand beyond Europe.

Market
Vox Pop (part 2): soundbites from the SRP Europe 2025 conference
Vox Pop (part 2): soundbites from the SRP Europe 2025 conference

As part of the coverage of SRP Europe 2025, we asked attendees about the key insights, actionable items, and important information gleaned from attending the SRP annual industry gathering.

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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
People: former Marex head of North America sales re-emerges at Citi

12 March 2025

People: former Marex head of North America sales re-emerges at Citi

Also: Goldman adds structurer for US fixed index annuity; Citi’s listed structured product specialist shifts to crypto; CACIB’s Apac corporate structuring head relocates; former CS senior sales surfaces.

People
Barclays taps JPM sales co-head to lead flow derivatives for Americas

11 Mar 2025

Barclays taps JPM sales co-head to lead flow derivatives for Americas

The appointment aligns with the UK bank’s three-year plan to expand its market share in equity derivatives in the Americas.

People
Bank of Singapore taps ex-Citi head to lead investment solutions for HK

10 Mar 2025

Bank of Singapore taps ex-Citi head to lead investment solutions for HK

The industry veteran with background in structured product on the sell-side has joined the private bank to lead product and solutions strategy.

People
Exclusive: BofA names head of Apac derivatives distribution

06 Mar 2025

Exclusive: BofA names head of Apac derivatives distribution

The executive will take over the sales responsibilities covered by the previous head of Apac derivatives sales and structuring.

People
Exclusive: BNPP recruits ex-UBS sales to lead listed structured product team in HK

28 Feb 2025

Exclusive: BNPP recruits ex-UBS sales to lead listed structured product team in HK

The industry veteran joins the French bank after over three years with the Swiss issuer.

Products

An in-depth review of the latest product launches.

Products
DLC debut nears, HKEX talks with regulator continue

24 March 2025

DLC debut nears, HKEX talks with regulator continue

Discussions on the launch of DLCs have restarted in Hong Kong SAR as the first single stock leveraged and inverse ETFs went listed on the exchange today.

Products
J.P. Morgan revives short volatility play with new ETN

21 Mar 2025

J.P. Morgan revives short volatility play with new ETN

The exchange-traded note (ETN) offers inverse exposure to the S&P VIX short-term futures, a structure not seen in the US ETNs since the collapse of Credit Suisse’s VelocityShares play in 2018.

Products
Product wrap: CA partners with BBVA on prop trend index, Barclays offers fund strategy

21 Mar 2025

Product wrap: CA partners with BBVA on prop trend index, Barclays offers fund strategy

In this week’s wrap we look at a selection of structured products with strike dates between 16-22 March 2025.

Products
Buyside view: La Banque Postale doubles down on ESG

20 Mar 2025

Buyside view: La Banque Postale doubles down on ESG

The French issuer and distributor is expanding its ESG offering to help increase awareness and adoption.

Products
Euronext reports capital protection spike, driven by Milan exchange

20 Mar 2025

Euronext reports capital protection spike, driven by Milan exchange

Capital protection products achieved the highest market share by daily average value traded in February.

Regulation

Updates and commentary on evolving market regulation.

Regulation
Barclays beats two class actions over ETN issuance blunder

24 March 2025

Barclays beats two class actions over ETN issuance blunder

A US federal court has dismissed two lawsuits against Barclays for its unlawful issuances at US$17.7 billion in a final ruling.

Regulation
BNY Mellon sued for trustee role in Barclays’ over-issuance

17 Mar 2025

BNY Mellon sued for trustee role in Barclays’ over-issuance

The trustee has been taken to court for its alleged ‘severe negligence’ in Barclays’ over-issuance of US exchange-traded notes (ETNs) worth US$17.7 billion.

Regulation
Value for Money testing in the EU

05 Mar 2025

Value for Money testing in the EU

We have a closer look at one of the key regulatory requirements to be observed by the structured products industry once the European Retail Investment Strategy (RIS) comes into force.

Regulation
Korean banks face ELS sales restrictions as regulator tightens distribution rules

26 Feb 2025

Korean banks face ELS sales restrictions as regulator tightens distribution rules

The new measures will limit the number of bank branches that are allowed to offer these ‘highly complex financial investment products’.

Regulation
Esma releases new guidelines on product supplements

20 Feb 2025

Esma releases new guidelines on product supplements

The European regulator is seeking feedback from the industry to harmonises the supervision of product supplements within the EU Prospectus Regulation.

Technology

Discover technological advances in the industry.

Technology
Vestr: growing AuM underscores scalability of AMC market

22 January 2025

Vestr: growing AuM underscores scalability of AMC market

The AMC market continues in a state of flux with an increasing number of players entering this segment across jurisdictions.

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

23 Oct 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.

Market

Key industry events and change drivers.

Market
SRP Europe 2025: Poland, a market on the up

25 March 2025

SRP Europe 2025: Poland, a market on the up

In a fast growing market dominated by foreign issuers, panellist believe the first Polish issued structured products will be listed in Warsaw soon.

Market
Marex’s structured notes revenue up 40% in 2024

19h

Marex’s structured notes revenue up 40% in 2024

The British non-bank issuer also saw the fair value of its structured notes jump 44% from a year ago as it continues to expand beyond Europe.

Market
Vox Pop (part 2): soundbites from the SRP Europe 2025 conference

20h

Vox Pop (part 2): soundbites from the SRP Europe 2025 conference

As part of the coverage of SRP Europe 2025, we asked attendees about the key insights, actionable items, and important information gleaned from attending the SRP annual industry gathering.

Market
Vox Pop: experts weigh in on SRP Europe conference 2025 take aways

24 Mar 2025

Vox Pop: experts weigh in on SRP Europe conference 2025 take aways

As part of the coverage of SRP Europe 2025, we asked attendees about the key insights, actionable items, and important information gleaned from attending the event, which serve as a reminder of the main points and take aways from the annual industry gathering.

Market
SRP in brief: focus on Europe

24 Mar 2025

SRP in brief: focus on Europe

The 22nd edition of the SRP Europe Conference took place in London on 17-19 March.

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
Hong Kong Market Review, February 2025: listed structured products rebound, Nvidia ELIs dominate

20 March 2025

Hong Kong Market Review, February 2025: listed structured products rebound, Nvidia ELIs dominate

Chinese household stocks remain popular underliers for listed structured products in the city-state, with Nvidia leading ELI issuances.

Market Reviews
China Market Review, February 2025: issuance up YoY, drops MoM

13 Mar 2025

China Market Review, February 2025: issuance up YoY, drops MoM

Gold-linked issuances remain strong, while the CSI Smallcap 500 Index leads the index-linked category.

Market Reviews
South Korea Market Review, February 2025: ELS take off as DLS dip

04 Mar 2025

South Korea Market Review, February 2025: ELS take off as DLS dip

Equity-linked securities sales rebound 52% while derivatives-linked securities falter.

Market Reviews
US Market Review 2024: market size and issuers breakdown

28 Feb 2025

US Market Review 2024: market size and issuers breakdown

The US structured notes market reached a historic high at US$149.4 billion in 2024, up 46% from the previous year.

Market Reviews
Switzerland Market Review, January 2025: sales up 18% YoY, AMCs keep momentum

27 Feb 2025

Switzerland Market Review, January 2025: sales up 18% YoY, AMCs keep momentum

Yield enhancement products remained the number one category with a 90% share of the market.

Analysis

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

Analysis
Spotlight Europe 2024: record-breaking sales growth

21 March 2025

Spotlight Europe 2024: record-breaking sales growth

The European market has tripled since 2020 with sales reaching an estimated US$254.1 billion in 2024.

Analysis
Greeks: Vega – a crucial parameter for effective dynamic hedging

19 Mar 2025

Greeks: Vega – a crucial parameter for effective dynamic hedging

FVC’s Tim Mortimer looks at the role of Vega, or sensitivity to the volatility level.

Analysis
Spotlight on… Apac payoff trends in Q4 and 2024

14 Mar 2025

Spotlight on… Apac payoff trends in Q4 and 2024

Autocall sales have extended their dominance in Asia Pacific while FX lifted the sales volume of digital structures. Sales of Korean capital at risk autocalls plunge.

Analysis
Spotlight on… Slovakia

28 Feb 2025

Spotlight on… Slovakia

The market has seen a shift towards capital protection products driven by the demand for FX-linked deposits.

Analysis
Spotlight: exploring industry sector index trends (2022-2024)

21 Feb 2025

Spotlight: exploring industry sector index trends (2022-2024)

The geographic exposure to sectors has shifted significantly toward Emea between 2022 and 2024, while America's prominence has declined.

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 Global Market Overview & Europe Market Overview 2024
SRP Global Market Overview & Europe Market Overview 2024

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

SRP Index Report 2025: Market Cap & Industry Sectors
SRP Index Report 2025: Market Cap & Industry Sectors

Indexing remains a driver of activity and innovation as well as issuance and sales in the global structured products market.

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.