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
Morgan Stanley seeks US SEC nod for crypto ETPs
Morgan Stanley seeks US SEC nod for crypto ETPs

The proposed products will offer passive exposure by tracking the performance of their respective cryptocurrencies.

People
Arrivals and departures: top moves of 2025 – Bank of America, Bank of Montreal
Arrivals and departures: top moves of 2025 – Bank of America, Bank of Montreal

As 2026 begins, SRP looks back at last year’s most relevant people moves highlighting new hires and exits at the main issuers of structured products.

People
Asia multi-issuer platform chief departs
Asia multi-issuer platform chief departs

The executive of the Hong Kong-based multi-issuer platform leaves the firm after five years.

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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
Arrivals and departures: top moves of 2025 – Bank of America, Bank of Montreal

6 January 2026

Arrivals and departures: top moves of 2025 – Bank of America, Bank of Montreal

As 2026 begins, SRP looks back at last year’s most relevant people moves highlighting new hires and exits at the main issuers of structured products.

People
Asia multi-issuer platform chief departs

19h

Asia multi-issuer platform chief departs

The executive of the Hong Kong-based multi-issuer platform leaves the firm after five years.

People
HSBC taps Citi executive as private bank CEO

22 Dec 2025

HSBC taps Citi executive as private bank CEO

The new chief most recently served as global head of Citi Private Bank in New York.

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

18 Dec 2025

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
Luma taps Citi structured notes specialist to lead issuer relations

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.

Products

An in-depth review of the latest product launches.

Products
New Deutsche Bank factor index debuts in US annuity

5 January 2026

New Deutsche Bank factor index debuts in US annuity

The new volatility-target play, developed in collaboration with Annexus and ICE, has been licensed to North American for a fixed index annuity (FIA) product.

Products
Top underlyings US 2025: single stocks gain visibility, ETFs lose steam

05 Jan 2026

Top underlyings US 2025: single stocks gain visibility, ETFs lose steam

We review the most featured underlying assets in the US structured products issued in 2025, based on SRP data.

Products
 TrueShares debuts autocallable ETFs hedged by Morgan Stanley

02 Jan 2026

TrueShares debuts autocallable ETFs hedged by Morgan Stanley

Each of the structured income funds is linked to an excess return index on the S&P 500 with different volatility target and decrement levels.

Products
Best sellers, US 2025:  fixed coupon PPNs take the crown

23 Dec 2025

Best sellers, US 2025: fixed coupon PPNs take the crown

We review the top 10 best-selling structured notes in the US amid booming activities for the year of 2025.

Products
Strivo tracks Swedish equities via Natixis green bond

23 Dec 2025

Strivo tracks Swedish equities via Natixis green bond

The product is part of a suite of 14 structured products due to strike in the new year.

Regulation

Updates and commentary on evolving market regulation.

Regulation
SCMHK hit with HK$4M SFC fine over crypto product breaches

6 January 2026

SCMHK hit with HK$4M SFC fine over crypto product breaches

The products provider failed to meet specific procedures for conducting product due diligence and suitability checks on crypto products.

Regulation
Esma moves forward on OTC derivatives transparency framework

21h

Esma moves forward on OTC derivatives transparency framework

Esma has finalised derivative transparency standards and opened applications for a consolidated tape provider to centralise European market data.

Regulation
Korean regulator fines three banks over HSCEI ELT mis-selling

05 Jan 2026

Korean regulator fines three banks over HSCEI ELT mis-selling

The financial watchdog imposes a total of KRW70 million in fines across three banks as part of the HSCEI-tied autocall mis-selling scandal in early 2024.

Regulation
Esma reviews impact of guidelines on ESG-related fund names

23 Dec 2025

Esma reviews impact of guidelines on ESG-related fund names

The European Securities and Markets Authority (ESMA) has evaluated how its guidelines for ESG-related fund names affect the EU fund market.

Regulation
Korean regulator realeases roadmap for complex products

22 Dec 2025

Korean regulator realeases roadmap for complex products

South Korea’s FSS is pivoting to a preventive 2026 roadmap focused on shielding consumers from complex financial product risks including structured products.

Technology

Discover technological advances in the industry.

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

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.

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

15 Dec 2025

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

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
KGI Securities partners with UBS for automated wealth planning tool

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
FinIQ builds momentum into 2026 with strong tailwinds

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.

Market

Key industry events and change drivers.

Market
Morgan Stanley seeks US SEC nod for crypto ETPs

7 January 2026

Morgan Stanley seeks US SEC nod for crypto ETPs

The proposed products will offer passive exposure by tracking the performance of their respective cryptocurrencies.

Market
Structured products turnover on Deutsche Börse tops €1bn

20h

Structured products turnover on Deutsche Börse tops €1bn

Knock out certificates dominated leverage segment at €420.2m, while discount certificates lead investment products at €160.8m.

Market
Goldman Sachs acquires Industry Ventures to scale technology-led alternatives

21h

Goldman Sachs acquires Industry Ventures to scale technology-led alternatives

The acquisition is aimed at bringing an attractive technology investment capability to the platform for the benefit of Goldman Sachs’ global client base.

Market
Tuttle Capital floats fund with income and growth strategy

21h

Tuttle Capital floats fund with income and growth strategy

The exchange-traded fund (ETF) is aimed at seeking exposure to the share price of the common stock of the companies referred to as the ‘Magnificent 7.’

Market
Innovator expands ETF portfolio with annual outcome strategy

21h

Innovator expands ETF portfolio with annual outcome strategy

The funds have been listed on Cboe BZX exchange since 2 January and charge an annual fee of 0.79%.

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

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.

Market Reviews
Hong Kong November 2025: Xiaomi leads in warrant listings

17 Dec 2025

Hong Kong November 2025: Xiaomi leads in warrant listings

Nvidia and Alibaba remain popular assets for ELIs.

Market Reviews
UK November 2025: index baskets reach seven-year high

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

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

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.

Analysis

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

Analysis
Greeks: beyond the unknown future volatility

19 December 2025

Greeks: beyond the unknown future volatility

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

Analysis
Greeks comparison - Microsoft and Nvidia (Part 2)

03 Dec 2025

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
Analysis: how barrier levels and Greeks shape risk in Nvidia-linked soft-protection notes

28 Nov 2025

Analysis: how barrier levels and Greeks shape risk in Nvidia-linked soft-protection notes

SRP analysed the behaviour cycle of structured products linked to the Nvidia share.

Analysis
Spotlight on… Asia’s asset class and underlying trends - 9M 2025

21 Nov 2025

Spotlight on… Asia’s asset class and underlying trends - 9M 2025

Stocks remain the king of Asia’s structured products market. Semiconductors lead single stock structures’ underlying exposures.

Analysis
Drivers behind US bestsellers

19 Nov 2025

Drivers behind US bestsellers

In this article we review some important US Cusips over the last two years.

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.

Structured for Volatility: Global Market Sentiment Survey 2025/2026
Structured for Volatility: Global Market Sentiment Survey 2025/2026

197 structured product professionals, 26 countries, 14 expert interviews.
This first-of-its-kind global survey, in partnership with LPA, combines qualitative and quantitative data to provide a benchmark outlook for 2025 and beyond.

SRP Index Report 2025: Custom & Strategy Indices
SRP Index Report 2025: Custom & Strategy Indices

In the third chapter of the SRP 2025 Index report, we look at the landscape involving custom and proprietary indices between 2022-2024

France Structured Products Performance Overview 2024
France Structured Products Performance Overview 2024

The SRP France Structured Products Performance Overview 2024 analyses the performance of structured investment solutions in the French market during 2024.