As we approach the end of 2023, we look at the most active issuers in the non-flow structured products space across the globe year-to-date (YTD).

SRP data shows that 356,324 non-flow structured products  have been issued across 36 markets year-to-date, with Switzerland (195,042 products) leading the pack, followed by the US (31,698) and Hong Kong SAR (28,291).   Among a total of 139 issuer groups active in 2023, UBS tops the league table by issuance with 71,439 products, with Vontobel (39,692), HSBC (30,796), Julius Baer (27,260) and J.P. Morgan (14,162) trailing at a distance. At UBS, the products were offered in differ