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.

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

Market
Heartland enters FIA market with vol control indices
Heartland enters FIA market with vol control indices

The Kansas City, MO-based insurer has brought its first fixed index annuity (FIA) featuring two volatility-controlled indices.

Products
Product wrap: Citi tracks MerQube highlanders’ basket, Goldman targets MSCI multi-asset play
Product wrap: Citi tracks MerQube highlanders’ basket, Goldman targets MSCI multi-asset play

In this week’s wrap we look at a selection of structured products with strike dates between 23-29 November 2025.

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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
People: Natixis US EQD sales director departs

27 November 2025

People: Natixis US EQD sales director departs

Also, Wells Fargo names new head of investment products; Standard Chartered North Asia investment advisory head takes up a new role; and more.

People
KRWQ names ex-LayerZero Labs exec as new COO

27 Nov 2025

KRWQ names ex-LayerZero Labs exec as new COO

The Korean won stablecoin KRWQ has tapped finance and blockchain veteran Dave Shin as its new chief operating officer.

People
SEC investor advocate to depart in Jan 2026

27 Nov 2025

SEC investor advocate to depart in Jan 2026

Firvida led research on registered index-linked annuities and advanced disclosure reforms for retirement investors.

People
People: SG’s sales specialist returns from buy-side, Maverix expands to Europe

19 Nov 2025

People: SG’s sales specialist returns from buy-side, Maverix expands to Europe

Also, new appointments at Atlantic House, State Street, WisomTree and Bank of Singapore.

People
Marex sets out US market ambitions with new distribution team

19 Nov 2025

Marex sets out US market ambitions with new distribution team

The British non-bank issuer aims to roll out calendar offerings of structured notes by year-end.

Products

An in-depth review of the latest product launches.

Products
Product wrap: Citi tracks MerQube highlanders’ basket, Goldman targets MSCI multi-asset play

28 November 2025

Product wrap: Citi tracks MerQube highlanders’ basket, Goldman targets MSCI multi-asset play

In this week’s wrap we look at a selection of structured products with strike dates between 23-29 November 2025.

Products
Stoxx and Global X ETFs Europe launch Dax Covered Call ETF

18h

Stoxx and Global X ETFs Europe launch Dax Covered Call ETF

The strategy aims to deliver income through selling at-the-money options on German equities.

Products
BSW: express certificates deliver for risk-averse investors

27 Nov 2025

BSW: express certificates deliver for risk-averse investors

Only four products from a sample of over 12k express certificates achieved a negative return.

Products
BNPP WM’s Asia structured product traded notional jump over 50%

26 Nov 2025

BNPP WM’s Asia structured product traded notional jump over 50%

The French bank’s wealth management unit capitalises on AI themes and eyes diversification of underlying exposures.

Products
First Trust readies debut autocallable ETF

26 Nov 2025

First Trust readies debut autocallable ETF

In collaboration with Vest Financial, First Trust has become the 6th ETF provider that has either introduced or filed for their autocallable offering over the last five months.

Regulation

Updates and commentary on evolving market regulation.

Regulation
MAS tightens capital treatment for structured products after review

28 November 2025

MAS tightens capital treatment for structured products after review

The new regime introduces granular loading factors, stricter reliance on external ratings and a 100% default charge for complex instruments, aligning insurers’ capital requirements more closely with product risk.

Regulation
Nasdaq seeks SEC approval on IBIT increased options limits

27 Nov 2025

Nasdaq seeks SEC approval on IBIT increased options limits

The proposal aims to fulfil a rising demand for ‘hedging vehicles and income-generating strategies’ on the largest Bitcoin ETF, says the exchange.

Regulation
Abaxx gets regulatory approval to serve US derivatives trading community

27 Nov 2025

Abaxx gets regulatory approval to serve US derivatives trading community

The registration will allow US-based futures commission merchants, brokers and trading firms to directly access Abaxx Exchange’s markets.

Regulation
FTSE Russell wins French regulator's nod for EU index continuity

27 Nov 2025

FTSE Russell wins French regulator's nod for EU index continuity

FTSE Russell wins crucial French AMF authorisation to maintain EU index usability past the deadline.

Regulation
B2Broker secures investment bank license in Malaysia's Labuan IBFC

27 Nov 2025

B2Broker secures investment bank license in Malaysia's Labuan IBFC

The investment banking licence will allow B2Broker to offer a wider range of regulated banking and corporate advisory services.

Technology

Discover technological advances in the industry.

Technology
Frost Bank partners with Derivative Path to modernise derivatives platform

26 November 2025

Frost Bank partners with Derivative Path to modernise derivatives platform

The bank will implement DerivativeEDGE, a cloud-based solution from Derivative Path, to manage its over-the-counter derivatives business.

Technology
iCapital deploys blockchain for alternative investments

25 Nov 2025

iCapital deploys blockchain for alternative investments

iCapital has employed a distributed ledger technology (DLT) solution to streamline alternative investments with Morgan Stanley Wealth Management onboarded as an anchor participant.

Technology
Morningstar integrates AI-ready data with Microsoft platforms

25 Nov 2025

Morningstar integrates AI-ready data with Microsoft platforms

The Integration offers entitlement-based access to Morningstar’s research within Microsoft AI tools.

Technology
BlackRock, AccessFintech partner on post-trade efficiency

25 Nov 2025

BlackRock, AccessFintech partner on post-trade efficiency

BlackRock has madea strategic investment in AccessFintech as it integrates Aladdin and accelerates post-trade data sharing.

Technology
BlackRock adds structured product data to Aladdin Wealth

20 Nov 2025

BlackRock adds structured product data to Aladdin Wealth

Users of Aladdin Wealth will be able to gain deeper visibility into structured investments as they construct and manage portfolios across public and private assets.

Market

Key industry events and change drivers.

Market
Heartland enters FIA market with vol control indices

28 November 2025

Heartland enters FIA market with vol control indices

The Kansas City, MO-based insurer has brought its first fixed index annuity (FIA) featuring two volatility-controlled indices.

Market
KBank expands partnership with J.P. Morgan Asset Management

16h

KBank expands partnership with J.P. Morgan Asset Management

The Thai bank has named J.P. Morgan Asset Management (JPMAM) its preferred multi asset provider to bolster its wealth strategies and shift to an advisory led client model.

Market
DWF Labs launches US$75m fund to back next wave of DeFi projects

16h

DWF Labs launches US$75m fund to back next wave of DeFi projects

The fund will support DWF Labs' push to accelerate key DeFi infrastructure development.

Market
Structured annuity sales edge higher in third quarter

16h

Structured annuity sales edge higher in third quarter

With US$19.9 billion in sales in Q3 25, structured annuities have grown by almost 25% year on year.

Market
Indian insurer unveils retirement income solution

16h

Indian insurer unveils retirement income solution

The new retirement solution is designed to provide both lifelong guaranteed payouts and market linked growth.

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 October 2025: issuance of retail structured deposits declines, AUD/USD gains momentum

27 November 2025

China October 2025: issuance of retail structured deposits declines, AUD/USD gains momentum

Issuances dropped sharply in October, hitting their lowest point of the year.

Market Reviews
UK October 2025: Barclays dominates, Atlantic House fund hits £2.5 billion in AuM

25 Nov 2025

UK October 2025: Barclays dominates, Atlantic House fund hits £2.5 billion in AuM

Almost three-quarters of the products on offer were linked to the FTSE 100 index.

Market Reviews
Thailand Q3 2025: FX rates-linked notes shine, Tesla leads single stock exposures

20 Nov 2025

Thailand Q3 2025: FX rates-linked notes shine, Tesla leads single stock exposures

Siam Commercial Bank topped the issuer’s league table in Q3 with higher stock basket sales.

Market Reviews
Ireland Q3 2025: Davy leads the way with BNPP green bond

19 Nov 2025

Ireland Q3 2025: Davy leads the way with BNPP green bond

The wealth managers ESG offer was one of few highlights in an otherwise slow quarter.

Market Reviews
Hong Kong, October 2025: listed products’ issuance heads north

18 Nov 2025

Hong Kong, October 2025: listed products’ issuance heads north

Alibaba leads as the most-used asset for warrant issuances, while Hua Hong Semiconductor advances to the top five list. Nvidia is the most popular underlying for ELIs.

Analysis

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

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

28 November 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.

Analysis
Spotlight… on Stellantis: Gamma pressure builds as short-put delta rises near barriers

24 Oct 2025

Spotlight… on Stellantis: Gamma pressure builds as short-put delta rises near barriers

We review 2,300 live structured products linked to the Stellantis stock and analysed downside sensitivity and protection levels.

Analysis
Greeks: negative Epsilon shows market dominance of short-put exposure via SPX-linked (B)RCS

23 Oct 2025

Greeks: negative Epsilon shows market dominance of short-put exposure via SPX-linked (B)RCS

Second-order Greeks are particularly useful for modeling stress scenarios.

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.