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
Italy’s certificate volumes reach all time high
Italy’s certificate volumes reach all time high

More than 60% of sales volumes was invested in capital protection products.

Products
8AM partners with Idad to launch capital-protected model portfolio for advisers
8AM partners with Idad to launch capital-protected model portfolio for advisers

The new product is targeted at pre-retirees, clients in drawdown and fiduciaries seeking growth without capital risk.

Products
Leonteq leverages digital infrastructure to power AMC expansion
Leonteq leverages digital infrastructure to power AMC expansion

As AMCs gain traction across Switzerland and beyond, Leonteq is positioning this product at the centre of its growth strategy aimed at leveraging digital infrastructure, systematic strategies and cross-asset integration to capture rising demand from discretionary and quantitative managers.

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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
Citadel Securities taps Morgan Stanley Apac EQD head

10 February 2026

Citadel Securities taps Morgan Stanley Apac EQD head

The equity derivatives veteran is set to join the US market maker to lead on the structured products front.

People
People: Salt promotes head of structuring and QIS

06 Feb 2026

People: Salt promotes head of structuring and QIS

Also: BNPP taps Nomura EQD sales veteran in Asia; Deutsche Bank Private Bank adds new director to the investment management team to cover North Asia.

People
21Shares appoints Stephen Coltman as head of macro

03 Feb 2026

21Shares appoints Stephen Coltman as head of macro

21Shares has added a senior macro specialist to its investment team as it continues to build out active portfolio management for its crypto exchange-traded product (ETP) business.

People
People: Leonteq veteran steps down as co-head partner shifts to buy side

28 Jan 2026

People: Leonteq veteran steps down as co-head partner shifts to buy side

Also, BCGE bolsters structured products business; Raffles hires new MD for relationship management; France’s Inter Invest hires director of partnerships; and Goldman expands AWM franchise.

People
Cboe beefs up top deck with exec appointments

28 Jan 2026

Cboe beefs up top deck with exec appointments

While Scott Johnston has been appointed as executive vice president and chief operating officer, Heidi Fischer has been made the executive vice president, global head of equities and spot markets.

Products

An in-depth review of the latest product launches.

Products
Italy’s certificate volumes reach all time high

17 February 2026

Italy’s certificate volumes reach all time high

More than 60% of sales volumes was invested in capital protection products.

Products
8AM partners with Idad to launch capital-protected model portfolio for advisers

20h

8AM partners with Idad to launch capital-protected model portfolio for advisers

The new product is targeted at pre-retirees, clients in drawdown and fiduciaries seeking growth without capital risk.

Products
Leonteq leverages digital infrastructure to power AMC expansion

21h

Leonteq leverages digital infrastructure to power AMC expansion

As AMCs gain traction across Switzerland and beyond, Leonteq is positioning this product at the centre of its growth strategy aimed at leveraging digital infrastructure, systematic strategies and cross-asset integration to capture rising demand from discretionary and quantitative managers.

Products
Spotlight on… biggest SPX losers in 2025

21h

Spotlight on… biggest SPX losers in 2025

We look at structured products issuance linked to the five worst-performing stocks within the S&P 500 in 2025 based on SRP data.

Products
Product wrap: Goldman EMU multi-sector play, VLK triple Dutch cash bonanza

13 Feb 2026

Product wrap: Goldman EMU multi-sector play, VLK triple Dutch cash bonanza

In this week’s wrap, we look at a selection of structured products with strike dates between 8-14 February 2026.

Regulation

Updates and commentary on evolving market regulation.

Regulation
Mintos applies for ECB banking licence

17 February 2026

Mintos applies for ECB banking licence

Mintos is pursuing a banking license to expand its services, enhance control over its infrastructure, and strengthen investor trust, with approval expected in 12 to 18 months.

Regulation
ECB urges EU-wide oversight of large asset managers to reduce systemic blind spots

16 Feb 2026

ECB urges EU-wide oversight of large asset managers to reduce systemic blind spots

The regulator is calling for increased oversight of the EU’s largest asset managers, highlighting risks from their size, concentration and cross-border reach.

Regulation
Korean regulator slashes penalties on banks over ELS irregularities

16 Feb 2026

Korean regulator slashes penalties on banks over ELS irregularities

The final surcharge amount is about 15% lower than the FSS had pre-notified.

Regulation
Taiwan regulator loosens structured notes targets for securities houses’ overseas entities

11 Feb 2026

Taiwan regulator loosens structured notes targets for securities houses’ overseas entities

The regulatory proposal adds professional investors and entities as additional sales channels for the products issued by securities firms’ overseas subsidiaries.

Regulation
SFC launches framework for leveraged crypto trading

11 Feb 2026

SFC launches framework for leveraged crypto trading

The Hong Kong regulator has unveiled new measures to boost liquidity and product diversity in the country’s digital assets market with the aim of deepening trading activity while maintaining strong investor safeguards.

Technology

Discover technological advances in the industry.

Technology
Pimfa WealthTech and Morningstar invite fintech firms to AI challenge

17 February 2026

Pimfa WealthTech and Morningstar invite fintech firms to AI challenge

The panel will assess business impact of shortlisted tools before winner’s presentation at May’s Morningstar Investment Conference the United Kingdom (UK).

Technology
Mariner, State Street to scale operations via Charles River platform

17 Feb 2026

Mariner, State Street to scale operations via Charles River platform

The partnership brings Charles River’s wealth platform to Mariner as it scales towards 5,000 advisers.

Technology
Derivative Path, CloudMargin tie-up for collateral and derivatives integration

12 Feb 2026

Derivative Path, CloudMargin tie-up for collateral and derivatives integration

The partnership is aimed at enabling easy integration between Derivative Path’s DerivativeEDGE platform and CloudMargin’s collateral management platform.

Technology
TP ICAP debuts electronic secondary market for US structured products

11 Feb 2026

TP ICAP debuts electronic secondary market for US structured products

The British company has rolled out an electronic alternative trading system (ATS) in the US, a first for the structured notes market.

Technology
WTW upgrades RiskAgility models with VM 22 capability

11 Feb 2026

WTW upgrades RiskAgility models with VM 22 capability

WTW has released a new version of its US Library models within RiskAgility Financial Modeler, adding full support for VM-22 requirements for life insurers.

Market

Key industry events and change drivers.

Market
Cevidica unveils combined securities and private markets operations

17 February 2026

Cevidica unveils combined securities and private markets operations

The launch of Cevidica’s integrated platform is expected to enhance cross-sector offerings and streamline services for institutional clients and investors, strengthening their market position.

Market
Franklin Templeton and Binance launch off-exchange collateral programme

17 Feb 2026

Franklin Templeton and Binance launch off-exchange collateral programme

Franklin Templeton and Binance launched a programme enabling institutional clients to use tokenised money market fund shares as collateral in digital trading while maintaining custody in regulated environments.

Market
Wrise Group opens client service centre in Taipei

17 Feb 2026

Wrise Group opens client service centre in Taipei

The Taipei center of Wrise Group aims to support cross-border wealth management and family office services in Taiwan, reflecting rising demand among ultra-high-net-worth individuals.

Market
Alinea Invest taps zerohash to diversify into crypto trading

17 Feb 2026

Alinea Invest taps zerohash to diversify into crypto trading

The partnership is aimed at enabling eligible users to invest directly in crypto, alongside stocks and exchange-traded funds (ETFs) on Alinea Invest’s platform.

Market
Swiss Firmup floats regulated futures trading platform

17 Feb 2026

Swiss Firmup floats regulated futures trading platform

Swiss Firmup is a regulated futures trading firm focused on transparency, supporting independent traders through structured qualification and funded accounts, trading exclusively on major exchanges.

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
Thailand Q4 2025: Kiatnakin Phatra claims top spot as sales surge 40%

11 February 2026

Thailand Q4 2025: Kiatnakin Phatra claims top spot as sales surge 40%

Single stock- and benchmark index-linked notes record rising volumes.

Market Reviews
Czech Republic Q4 2025: Natixis returns as market shifts to riskier products

09 Feb 2026

Czech Republic Q4 2025: Natixis returns as market shifts to riskier products

The French bank made its first appearance on the SRP Czech database in almost nine years.

Market Reviews
US December 2025: single shares gain momentum, Barclays slips out of top five

04 Feb 2026

US December 2025: single shares gain momentum, Barclays slips out of top five

Investors edged further into capital-at-risk products throughout the year with vanilla callable fixed-rate note sales saw a 14% jump.

Market Reviews
Hungary 2025: SG dominates, boosted by FX and ETF index

30 Jan 2026

Hungary 2025: SG dominates, boosted by FX and ETF index

The French bank captured 60% of the Hungarian market, according to SRP data.

Market Reviews
China December 2025: retail structured deposits keep momentum

29 Jan 2026

China December 2025: retail structured deposits keep momentum

The structured deposit issuance maintained the momentum towards the end of 2025

Analysis

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

Analysis
Spotlight on… Apac asset class and underlying sector trends in 2025

13 February 2026

Spotlight on… Apac asset class and underlying sector trends in 2025

Worst-of-stocks and single stocks are favoured by Asian investors driven by the tech sector.

Analysis
Fugit: measuring early exit risk in structured products

12 Feb 2026

Fugit: measuring early exit risk in structured products

This seventh article takes a detailed look at the lesser known risk measure Fugit, a Latin term rather than a Greek one, but closely linked to the standard Greek measures.

Analysis
Markets on edge: the volatility you can’t see

09 Feb 2026

Markets on edge: the volatility you can’t see

Volatility spikes and record issuance are turning structured products into a central driver of market dynamics.

Analysis
Greeks analysis: deeper sensitivities in FTSE 100 and Nikkei 225 structures

04 Feb 2026

Greeks analysis: deeper sensitivities in FTSE 100 and Nikkei 225 structures

Second-order Greeks come under the spotlight as we look at Theta, Vanna and Charm exposures across FTSE 100 and Nikkei 225 structures.

Analysis
Greeks analysis: FTSE 100 v Nikkei 225

07 Jan 2026

Greeks analysis: FTSE 100 v Nikkei 225

We look at key Greeks metrics across the FTSE 100 and Nikkei 225 to reveal differences in volatility, delta exposure and risk dynamics.

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.

SRP AMC Report 2026
SRP AMC Report 2026

Actively Managed Certificates (AMCs) have moved from the periphery of structured products into a more central role in modern investment manufacturing. 

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