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
German investors profit from stock market rally
German investors profit from stock market rally

Almost 80% of investors in Germany experienced moderate to strong positive growth for their portfolios in 2025.

Market
Global ETFs reach record US$19.44 tn in November: ETFGI
Global ETFs reach record US$19.44 tn in November: ETFGI

Year-to-date inflows reached US$2.04 trillion, the highest on record.

Market
European structured products extend growth in Q3: Eusipa
European structured products extend growth in Q3: Eusipa

Germany leads turnover while Switzerland dominates outstanding volume.

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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
Garantum responds to US$1.8m fine over compliance failure

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
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.

People
SocGen appoints new Apac global markets and FIC head

12 Dec 2025

SocGen appoints new Apac global markets and FIC head

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

People
Calamos appoints senior leaders to spearhead expansion efforts

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.

Products

An in-depth review of the latest product launches.

Products
German investors profit from stock market rally

22 December 2025

German investors profit from stock market rally

Almost 80% of investors in Germany experienced moderate to strong positive growth for their portfolios in 2025.

Products
Product wrap: Natixis’ iEdge trades gain visibility

19 Dec 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.

Products
Athene’s flagship FIA adds three volatility-control indices

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

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
Banco Azteca goes retail after first set of test notes

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.

Regulation

Updates and commentary on evolving market regulation.

Regulation
Korean regulator realeases roadmap for complex products

22 December 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.

Regulation
Canadian regulator examines barriers to digital and hybrid advisory model

19 Dec 2025

Canadian regulator examines barriers to digital and hybrid advisory model

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

Regulation
EU institutions seal retail investment strategy deal to empower consumers

19 Dec 2025

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
Finra stresses compliance failures on Rila sales in annual report

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
FCA seeks feedback on new UK crypto rules

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.

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
Global ETFs reach record US$19.44 tn in November: ETFGI

22 December 2025

Global ETFs reach record US$19.44 tn in November: ETFGI

Year-to-date inflows reached US$2.04 trillion, the highest on record.

Market
European structured products extend growth in Q3: Eusipa

22 Dec 2025

European structured products extend growth in Q3: Eusipa

Germany leads turnover while Switzerland dominates outstanding volume.

Market
ETHGas launches Ethereum blockspace futures market

22 Dec 2025

ETHGas launches Ethereum blockspace futures market

Backed by US$12m in funding, ETHGas has rolled out Ethereum’s blockspace futures market with US$800m in initial commitments.

Market
STOXX aquires sustainability index provider ECPI

22 Dec 2025

STOXX aquires sustainability index provider ECPI

STOXX is buying out the company owned by Confluence Technologies and set to become benchmark administrator for the full portfolio of ECPI indices upon completion.

Market
ABN Amro scales digital assets with MiCAR approval

12h

ABN Amro scales digital assets with MiCAR approval

The bank has also completed its first international over-the-counter derivative transaction using a smart derivative contract (SDC) in partnership with DZ Bank.

Data Insights

View Data Insights )

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.