Insights

Industry Insights

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

19 December 2025

Garantum responds to US$1.8m fine over compliance failure

The Swedish distributor has been found in breach of compliance provisions in the structured products and insurance instruments.

People: Citi, Vontobel, Deutsche Bank, others make key appointments

Citi promotes Victor Cheng and Ryan Ellis; HKEX welcomes Graeme Farrell; Vontobel and Deutsche Bank strengthen teams.

People

16 Dec 2025

Luma taps Citi structured notes specialist to lead issuer relations

The US multi-issuer platform has hired another Citi alum to take up a newly-created role in charge of issuer relations.

People

12 Dec 2025

SocGen appoints new Apac global markets and FIC head

The new head will relocate to Hong Kong SAR from Paris.

People

12 Dec 2025

Calamos appoints senior leaders to spearhead expansion efforts

Calamos Investments bolstered its growth strategy by hiring senior leaders to strengthen its institutional sales, asset allocation and operational capabilities.

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Products

An in-depth review of the latest product launches.

Products

19 December 2025

Product wrap: Natixis’ iEdge trades gain visibility

In this week’s wrap we look at a selection of structured products with strike dates between 7-13 December 2025.

Athene’s flagship FIA adds three volatility-control indices

The fixed index annuity (FIA) is offering an equity index that uses timer options on top of two multi-asset plays backed by academics for the first time.

Products

18 Dec 2025

Krungthai rolls out Thailand’s first high watermark index-linked structured notes

The new participation products feature long-tenor on a custom index, resetting higher annually only if the index component is higher than the previous year.

Products

17 Dec 2025

Banco Azteca goes retail after first set of test notes

The Mexican bank launches capital-guaranteed FX and volatility-linked offerings as it builds sales capabilities and navigates challenging market conditions.

Products

17 Dec 2025

SIX listings reach 150k, AMCs stand out

With one month to go, structured product listings on the Swiss exchange are already 37% higher compared to full year 2024.

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Regulation

Updates and commentary on evolving market regulation.

Regulation

19 December 2025

Canadian regulator examines barriers to digital and hybrid advisory model

Stakeholder input invited on rules, technology integration and unintended consequences.

EU institutions seal retail investment strategy deal to empower consumers

The rules are aimed at providing wider range of efficient investment and financing opportunities for citizens and businesses.

Regulation

17 Dec 2025

Finra stresses compliance failures on Rila sales in annual report

The US regulator has identified several violations of Regulation Best Interest (Reg BI) about registered index-linked annuity (Rila) sales practice in its oversight report.

Regulation

17 Dec 2025

FCA seeks feedback on new UK crypto rules

The FCA has opened consultation on an UK crypto regime, proposing to regulate trading, staking and market abuse under standards similar to traditional finance.

Regulation

16 Dec 2025

Esma completes mandates on derivatives transparency rules

European Commission to review the proposal within three months; rules expected to apply from March 2027.

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Technology

Discover technological advances in the industry.

Technology

17 December 2025

LSEG and Citi collaborate for expanding bank’s data and analytics vertical

The partnership aims to help the bank consolidate data access and standardise governance, usage rights and entitlements, among other things.

Halo and Majarra bring Sharia-compliant structured products to the UAE

Majarra aims to leverage Halo’s underlying technology to facilitate the issuance, purchasing and secondary liquidity of the products in partnership with the nation’s leading institutions.

Technology

12 Dec 2025

UBS leans into connectivity and cross-border themes after CS integration

Demand for Europe, China and alternative exposures is reshaping the bank’s structuring priorities and platform design.

Technology

12 Dec 2025

KGI Securities partners with UBS for automated wealth planning tool

KGI Securities has partnered with UBS to introduce a cloud-based portfolio management system.

Technology

08 Dec 2025

FinIQ builds momentum into 2026 with strong tailwinds

With US$25 billion in monthly flows and new clients across three continents, the Singapore-based platform continues to cement its footprint across Asia, Europe and the Middle East.

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Market

Key industry events and change drivers.

Market

19 December 2025

Causeway Securities expands partnerships amid US market build‑out

The broker has strengthened its collbaoration with issuers and registered investment advisors (RIAs), as it works toward profitability in the US market.

Spotlight on Apac: payoff trends in 2025 – income autocalls take center stage

Autocallables dominate the regional market share, led by income autocall structures.

Market

20h

CAIS, Mercer survey shows rising adoption of alternatives

The study was conducted between 17 September and 17 October, involving nearly 800 financial advisers, broker-dealers and family offices.

Market

20h

Morgan Stanley IM ETF platform crosses $10bn AuM

Morgan Stanley’s ETF business has hit the US$10 billion milestone just two years after launch, fueled by strong demand for its active and options-based funds.

Market

20h

Standard Chartered facilitates Hana Securities' debut in digitally native notes

Transaction uses TRS structure to deliver exposure to a DNN issued by a rated financial institution.

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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

18 December 2025

China Market Review, November 2025: retail structured deposits issuance rebounds

Issuance in November shows a noticeable rebound, rising to roughly 900 units

Hong Kong November 2025: Xiaomi leads in warrant listings

Nvidia and Alibaba remain popular assets for ELIs.

Market Reviews

16 Dec 2025

UK November 2025: index baskets reach seven-year high

Baskets of equity indices were preferred over single equity indices for the first time since January 2018.

Market Reviews

15 Dec 2025

France Q3 2025: short-term rates on top as equity-linked risk turns selective

The quarter was dominated by equity autocallables as well as bearish autocalls plus callable floaters on the rates-linked side.

Market Reviews

09 Dec 2025

South Korea November 2025: autocall sales dip, regulator targets high-risk overseas investment products

Sales of principal-protected ELBs’ surge; NH Investment & Securities rolls out risk control index-linked DLB.

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Analysis

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

Analysis

19 December 2025

Greeks: beyond the unknown future volatility

How fat tails, volatility surfaces and exotic payoffs reshape option pricing

Greeks comparison - Microsoft and Nvidia (Part 2)

This article follows on from an earlier piece that examined Delta, Gamma and Vega sensitivities for Microsoft and Nvidia using data from the SRP Greeks application.

Analysis