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.

Products
SIX structured product listings up 23% YoY
SIX structured product listings up 23% YoY

The Swiss structured products market continued its upward trajectory with the number of new listings exceeding 10,000 for the second month running.

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

Market
Market cap indices attract divergent views in Asia
Market cap indices attract divergent views in Asia

Two executives from Citic CLSA and Standard Chartered share different thoughts on the evolving use of traditional market cap indices in Asia’s structured products.

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

11 March 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.

People
People: ex-GS partner surfaces at Brevan Howard

24 Feb 2025

People: ex-GS partner surfaces at Brevan Howard

Also: GS names new ECM leadership; BITA taps Merqube global sales head; TD Securities sales joins Delta Capita; Luma welcomes chief growth officer; Wrise promotes structured product specialist.

Products

An in-depth review of the latest product launches.

Products
SIX structured product listings up 23% YoY

11 March 2025

SIX structured product listings up 23% YoY

The Swiss structured products market continued its upward trajectory with the number of new listings exceeding 10,000 for the second month running.

Products
IDAD, Goldman deliver record return to UK investors

10 Mar 2025

IDAD, Goldman deliver record return to UK investors

The company’s first ever callable deposit achieved the highest return on any UK structured deposit in 10-years.

Products
Hilbert: advisers look for alternatives to complement market cap exposures

10 Mar 2025

Hilbert: advisers look for alternatives to complement market cap exposures

Despite the dominance of traditional market cap weighting, the evolution of indexing shows a shift towards custom strategies.

Products
Product wrap: SG tracks ESG fund, BNPP offers access to rainbow basket

07 Mar 2025

Product wrap: SG tracks ESG fund, BNPP offers access to rainbow basket

In this week’s wrap we look at a selection of structured products with strike dates between 2-8 March 2025.

Products
Kenanga's HSI structured warrants up 10x in Malaysia

07 Mar 2025

Kenanga's HSI structured warrants up 10x in Malaysia

The turnover surge has pushed the bank’s market share to 52% driven by a strong rebound of the Hang Seng Index (HSI) in 2024.

Regulation

Updates and commentary on evolving market regulation.

Regulation
Value for Money testing in the EU

5 March 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.

Regulation
New US class action targets Credit Suisse XIV notes

18 Feb 2025

New US class action targets Credit Suisse XIV notes

The products at the centre of a subclass suit over market manipulation are the XIV exchange-traded notes (ETNs) that allegedly resulted in US$1.8 billion investor loss.

Regulation
Esma sets out new rules on benchmarks

13 Feb 2025

Esma sets out new rules on benchmarks

The proposed new rules are expected to be negotiated among the European institutions throughout 2025.

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
Market cap indices attract divergent views in Asia

11 March 2025

Market cap indices attract divergent views in Asia

Two executives from Citic CLSA and Standard Chartered share different thoughts on the evolving use of traditional market cap indices in Asia’s structured products.

Market
SRP in brief: autocalls in the east

10 Mar 2025

SRP in brief: autocalls in the east

It was a bustling week for Asian markets.

Market
Solactive: concerns around concentration risk remain

06 Mar 2025

Solactive: concerns around concentration risk remain

As part of the analysis on indexing dynamics around market cap and sector indices in the structured products market over the last two years, SRP spoke to several market players to assess current trends and opportunities.

Market
Italian banks post record results, volumes boosted by interest rate-linked products

05 Mar 2025

Italian banks post record results, volumes boosted by interest rate-linked products

SRP sampled sales and issuance figures of the five main Italian structured product issuers in 2024 and reviewed their earnings for the year.

Market
Japan’s structured Uridashi sales take a dive in H2 24

05 Mar 2025

Japan’s structured Uridashi sales take a dive in H2 24

FX underliers have gained traction among private placements while index-linked products fall back.

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, February 2025: ELS take off as DLS dip

4 March 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.

Market Reviews
UK Market Review, January 2025: appetite for risk increases as rates disappear

26 Feb 2025

UK Market Review, January 2025: appetite for risk increases as rates disappear

Products on offer during the month were exclusively linked to equity indices.

Market Reviews
US Market Review, December 2024: gold makes last minute cameo, index baskets gain popularity

21 Feb 2025

US Market Review, December 2024: gold makes last minute cameo, index baskets gain popularity

J.P. Morgan dominates sales of structured notes as Canadian banks claim best-sellers.

Analysis

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

Analysis
Spotlight on… Slovakia

28 February 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.

Analysis
Greeks – Gamma: a crucial measure to rebalance delta hedging

19 Feb 2025

Greeks – Gamma: a crucial measure to rebalance delta hedging

In this article, we look at the role Gamma to understand how to re-hedge positions in relation to the rate at which Delta changes in relation to the underlying.

Analysis
2024 maturities: Kospi 200-linked products beat benchmark

19 Feb 2025

2024 maturities: Kospi 200-linked products beat benchmark

The index is the main market cap benchmark used solely as an underlying in the Korean structured products market in terms of AuM.

Analysis
Spotlight on… Apac sales up by 14%, single stocks up 40%

14 Feb 2025

Spotlight on… Apac sales up by 14%, single stocks up 40%

Products tracking financials underlying sector recorded the most growth. IT themes remain strong.

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 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.

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.