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: Citi taps Macquarie, bolsters strategic equity solutions in HK

21 January 2025

Exclusive: Citi taps Macquarie, bolsters strategic equity solutions in HK

The managing director joins Citi after a 17-year tenure with the Australian bank. Citi also names head of markets sales for China.

People
Arrivals and departures: top moves of 2024 – exchanges and tech providers

21 Jan 2025

Arrivals and departures: top moves of 2024 – exchanges and tech providers

As 2025 begins, SRP looks back at last year’s most relevant people moves highlighting new hires and exits in the world of structured products. In the final instalment, we focus on exchanges and tech providers.

People
Barclays taps ex-Goldman Apac EQD co-head to lead equities

20 Jan 2025

Barclays taps ex-Goldman Apac EQD co-head to lead equities

The former Goldman banker is tasked with leading the UK bank’s equities franchise in the region.

People
People: CIBC structuring head moves, senior sales depart SG

17 Jan 2025

People: CIBC structuring head moves, senior sales depart SG

The senior sales specialists have left Société Générale (SG) for HSBC and Nomura. Meanwhile, UBP taps Bank of Singapore to lead investment services, North Asia.

People
Arrivals and departures 2024: index providers

17 Jan 2025

Arrivals and departures 2024: index providers

SRP’s Summer Wang looks back at some of the key hires at Merqube, MSCI, STOXX and FTSE Russell in 2024.

Products

An in-depth review of the latest product launches.

Products
Affin Hwang debuts Malaysia’s first commodity-linked warrant

23 January 2025

Affin Hwang debuts Malaysia’s first commodity-linked warrant

The Malaysian bank’s CEO says 22 million units of the newly listed call warrant were traded on the first trading day. Equity-linked notes are among the new structures the bank looks to issue this year.

Products
VLK, BNPP offer fixed income alternative

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VLK, BNPP offer fixed income alternative

The Dutch independent wealth manager has collaborated with BNP Paribas for a capital-protected product that is a mix between a fixed income investment and a traditional index-linked structure.

Products
Product wrap: Natixis commits to ESG, BNPP tracks pharma index

17 Jan 2025

Product wrap: Natixis commits to ESG, BNPP tracks pharma index

In this week’s wrap we look at a selection of structured products with strike dates between 12-18 January 2025.

Products
StanChart China debuts US bond-linked structured deposit as investors eye rate cuts

16 Jan 2025

StanChart China debuts US bond-linked structured deposit as investors eye rate cuts

The first batch of bond-linked structured deposits issued by the British bank features a pre-agreed fixed coupon of 5.5% p.a.

Products
EQD trading spikes globally, FX options dominate structured products market

16 Jan 2025

EQD trading spikes globally, FX options dominate structured products market

Derivatives exchanges have reported record volumes for 2024 with demand set to continue on the back of new crypto options and increasing activity around zero days to expiration options (0DTE).

Regulation

Updates and commentary on evolving market regulation.

Regulation
Year in review: 2024 new rules, enforcement actions

21 January 2025

Year in review: 2024 new rules, enforcement actions

We look back at the main stories of last year covering regulatory developments across the world, as well as some of the high-profile lawsuit and arbitration cases in the US, related to structured products.

Regulation
South Korea’s largest labour union calls for more ELS, DLS rules

03 Jan 2025

South Korea’s largest labour union calls for more ELS, DLS rules

Its latest working paper proposes to ban selling high-risk structured products with unilateral downside risk to the general public.

Regulation
Australian regulator sues Binance over customer protection failures

23 Dec 2024

Australian regulator sues Binance over customer protection failures

ASIC has taken Binance Australia Derivatives to the federal court following the alleged mis-classification of retail investors to wholesale investors while investors were trading crypto derivative products.

Regulation
UK regulator to phase out Priips in shift from EU

20 Dec 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.

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 in brief: hiring spree

20 January 2025

SRP in brief: hiring spree

The structured products market has started the year with a number of high level appointments in the sell and buy-sides.

Market
SRP in brief: at a discount

13 Jan 2025

SRP in brief: at a discount

Discount certificates, the latest people moves, market reviews, and more from SRP’s newsdesk.

Market
Latest: HK’s Goldhorse adds educational function, French fintech launches Luxembourg hub

08 Jan 2025

Latest: HK’s Goldhorse adds educational function, French fintech launches Luxembourg hub

Also: Samsung Securities rolls out three Dow Jones ETNs; BBVA’s Garanti launches warrants suite on Borsa Istanbul; Citi invests in OTC FX options trading platform.

Market
Digital assets: EBA gauges tokenised deposits, Matrixport issues double no touch play

07 Jan 2025

Digital assets: EBA gauges tokenised deposits, Matrixport issues double no touch play

Plus: Calamos debuts fully protected crypto tracker; GSR gets the greenlight from UK FCA to provide OTC trading service; and more.

Market
 ISS STOXX: focus will be on long-term solutions rather than quick-fix approaches

07 Jan 2025

ISS STOXX: focus will be on long-term solutions rather than quick-fix approaches

The European index and data provider sees the structured products market as a competitive space where innovation is a differentiator to diversify market exposures and deliver new investment strategies to institutional and retail investors alike.

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
Finland market review Q4 2024: OP stays on top, Alexandria 5x booster delivers 24%

23 January 2025

Finland market review Q4 2024: OP stays on top, Alexandria 5x booster delivers 24%

An estimated €436 million (US$453 million) was collected from 119 products that struck on the Finnish market in Q4 2024, according to SRP data.

Market Reviews
Germany Market Review, Q4 2024: sales volumes up 50% YoY

22 Jan 2025

Germany Market Review, Q4 2024: sales volumes up 50% YoY

Markets continue to cool off as rates cut twice in the final quarter of 2024.

Market Reviews
UK Market Review, December 2024: slow end of the year despite increased appetite for baskets

21 Jan 2025

UK Market Review, December 2024: slow end of the year despite increased appetite for baskets

Products linked to a basket of equity indices increased their market share by almost 24 percentage points MoM.

Market Reviews
China Market Review, December 2024: investors target gold as portfolio diversifier

20 Jan 2025

China Market Review, December 2024: investors target gold as portfolio diversifier

FX rates remained the underlying asset most favoured by Chinese retail investors.

Market Reviews
Switzerland Market Review, November 2024: dual currency in demand, credit goes awol

16 Jan 2025

Switzerland Market Review, November 2024: dual currency in demand, credit goes awol

Dual currency products increased their market share to 20% in November.

Analysis

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

Analysis
Greeks – Delta: the put/call parity rule

22 January 2025

Greeks – Delta: the put/call parity rule

As the launch of the SRP Greeks solution approaches, we dive deep into the various risk characteristics that the option positions in structured products are exposed to.

Analysis
Spotlight on… Apac products investment terms in 2024

17 Jan 2025

Spotlight on… Apac products investment terms in 2024

Structured products with a tenor of less than one year continued to dominate in the Asia Pacific (ex-China) region last year, accounting for over 72% of the market share in estimated sales.

Analysis
Spotlight on… top S&P 500 gainers

10 Jan 2025

Spotlight on… top S&P 500 gainers

We look at the structured products issuances linked to the five best-performing stocks within the S&P 500 in 2024.

Analysis
Credit structures: single names v indices

08 Jan 2025

Credit structures: single names v indices

Credit-linked structured products offer investors the opportunity to pursue significantly higher yields compared to the risk-free rate and provide an alternative to traditional corporate bond investments.

Analysis
Europe Q3 2024 (part 2): yield enhancement dominates as capital protection declines

03 Jan 2025

Europe Q3 2024 (part 2): yield enhancement dominates as capital protection declines

In the second part of our Europe market analysis, we look at the product type mix and the payoffs which have driven activity in the third quarter of 2024.

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.