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
Europe Q1 2025 (part 2): equities remain dominant
Europe Q1 2025 (part 2): equities remain dominant

Equity underlyings continued to dominate the structured products landscape in Europe during the first quarter of 2025.

Technology
Goldhorse inks deal with HK’s multi-family office
Goldhorse inks deal with HK’s multi-family office

In the first half of 2025, the Hong Kong-based firm has seen approximately US$2.5 billion in structured product notional traded on its multi-issuer platform and launched actively managed certificates with minimum redemption features

Market Reviews
China Market Review, May 2025: investors shy away from EUR/USD exposure
China Market Review, May 2025: investors shy away from EUR/USD exposure

Gold-linked products in China remain popular among retail investors while a number of risk control custom strategies were also deployed.

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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
Huatai taps CICC WM’s trading head

3 July 2025

Huatai taps CICC WM’s trading head

The veteran trader has moved to the cross-town rival to oversee the trading of wealth management products, including structured products.

People
People: SG-Forge’s head of sales shifts to Keyrock

30 Jun 2025

People: SG-Forge’s head of sales shifts to Keyrock

Also, SEC names director of markets & trading division; Nasdaq appoints head of sales Europe at Nadaq; Esma appoints chairwoman, and more.

People
Natixis taps HSBC QIS head in US push

27 Jun 2025

Natixis taps HSBC QIS head in US push

The French bank is seeking to expand its equity derivatives footprint in the US following last year’s comeback.

People
People: HSBC promotes capital markets head, Arta appoints Singapore chief

19 Jun 2025

People: HSBC promotes capital markets head, Arta appoints Singapore chief

Also: Citi names head of markets for the Indonesia unit, Belgium's Degroof Petercam hires senior wealth manager from Indosuez Wealth Management.

People
People: BMO’s head of equity structuring exits, Causeway targets South African market

05 Jun 2025

People: BMO’s head of equity structuring exits, Causeway targets South African market

Also: Cboe reshuffles senior team and MerQube continues hiring spree.

Products

An in-depth review of the latest product launches.

Products
Product wrap: Goldman tracks Morningstar eurozone index in France

4 July 2025

Product wrap: Goldman tracks Morningstar eurozone index in France

In this week’s wrap we look at a selection of structured products with strike dates between 29 June and 5 July 2025.

Products
Austrian volumes reach historic high as express certificates prosper

03 Jul 2025

Austrian volumes reach historic high as express certificates prosper

Express certificates recorded the highest MoM increase in May.

Products
Kiwoom launches hybrid ETN, KRX adds covered call play

03 Jul 2025

Kiwoom launches hybrid ETN, KRX adds covered call play

The new product pays on the growth of the Kospi 200 as well as won-dollar exchange rate fluctuations.

Products
Delta Capita deploys Elaris OTC in derivatives post-trade push

02 Jul 2025

Delta Capita deploys Elaris OTC in derivatives post-trade push

The new solution is aimed at ‘streamlining and modernising’ post-trade processes in OTC derivatives.

Products
Leonteq: lowering the entry barrier for Sharia-compliant structured products

30 Jun 2025

Leonteq: lowering the entry barrier for Sharia-compliant structured products

The Swiss structured products provider is seeking to capitalise on the opportunities for growth in the Middle East market, driven by new regulations and government support for Islamic finance.

Regulation

Updates and commentary on evolving market regulation.

Regulation
MAS revamps product information documents, targets complex products

2 July 2025

MAS revamps product information documents, targets complex products

Singapore's financial regulator aims to highlight the key product features on the first page of the proposed product highlight sheets.

Regulation
FSMA focuses on value for money

01 Jul 2025

FSMA focuses on value for money

Value for money of financial products was one of the major themes of the regulator’s annual report for 2024, which was published on 20 June.

Regulation
Malaysia regulator tightens rules on product governance

30 Jun 2025

Malaysia regulator tightens rules on product governance

The new guidelines are aimed at addressing issues with product governance guidelines to promote responsible innovation and strengthen investor protection.

Regulation
Esma: large issuers reduce costs for autocalls, BRCs

23 Jun 2025

Esma: large issuers reduce costs for autocalls, BRCs

The European watchdog’s study also showed that despite the cost reduction for some payoff types, others were getting more expensive across manufacturers.

Regulation
Germany: half of investors don’t understand structured investment products

18 Jun 2025

Germany: half of investors don’t understand structured investment products

The regulator has flagged inconsistent cost disclosures, potentially making it harder for clients to compare investment products.

Technology

Discover technological advances in the industry.

Technology
Goldhorse inks deal with HK’s multi-family office

4 July 2025

Goldhorse inks deal with HK’s multi-family office

In the first half of 2025, the Hong Kong-based firm has seen approximately US$2.5 billion in structured product notional traded on its multi-issuer platform and launched actively managed certificates with minimum redemption features

Technology
Swiss fintech rolls out AMC configurator

03 Jul 2025

Swiss fintech rolls out AMC configurator

The platform is targeted at asset managers seeking to bring products to market on a shorter timeframe.

Technology
SRP Apac 2025: using bionic advisory to build portfolios

18 Jun 2025

SRP Apac 2025: using bionic advisory to build portfolios

Three senior market executives shed a light on ‘bionic advisory’ in wealth management to build deeper client relationships through artificial intelligence (AI) and technology.

Technology
IVM Markets: high coupon rates don't equate to better performance

09 Jun 2025

IVM Markets: high coupon rates don't equate to better performance

Fintech is seeking to change the buy-side’s point of sale narrative.

Technology
Stropro deploys structured options play with loan facility

28 May 2025

Stropro deploys structured options play with loan facility

The new product will comprise a loan and put options issued by UBS, Morgan Stanley and Macquarie.

Market

Key industry events and change drivers.

Market
Digital assets: Unicredit debuts BTC ETF-linked cap-prot certificate

2 July 2025

Digital assets: Unicredit debuts BTC ETF-linked cap-prot certificate

Also: Matrixport rolls out first daily dual-currency play; BingX new dual investment product raisesUS$1m; Arab Bank Switzerland to launch yield-bearing BTC product for HNW clients; Fineqia appoints investment advisor to expand crypto ETP business.

Market
Innovator introduces first dual directional buffer ETFs

02 Jul 2025

Innovator introduces first dual directional buffer ETFs

The fund provider known for its outcome defined ETFs suite has added another strategy traditionally popular in the structured note space.

Market
MSCI: rise in investor appetite for specialised investments

01 Jul 2025

MSCI: rise in investor appetite for specialised investments

MSCI has used its ESG and thematic research capabilities and the use of overlays to carve its corner in the structured products market where its flagship benchmark, the MSCI World Index, is not its most featured index.

Market
Annuity roundup: Corebridge exits variable annuities

01 Jul 2025

Annuity roundup: Corebridge exits variable annuities

Also, Delaware Life launches accumulation fixed index annuity with Janus Henderson index; Salt Financial research backs intraday mechanism; Security Benefit’s survey brings positive sentiment.

Market
SRP in brief: onwards and upwards

30 Jun 2025

SRP in brief: onwards and upwards

Calamos has listed the first-ever autocallable ETF, while Sweden’s Strivo observed an increasing demand for defence theme products. In China, Amundi BOC Wealth Management launched shark fin products. Here’s the weekly news roundup brought by SRP News desk.

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, May 2025: investors shy away from EUR/USD exposure

4 July 2025

China Market Review, May 2025: investors shy away from EUR/USD exposure

Gold-linked products in China remain popular among retail investors while a number of risk control custom strategies were also deployed.

Market Reviews
Hong Kong Market Review, May 2025: CATL becomes most-used underlying for derivative warrants

03 Jul 2025

Hong Kong Market Review, May 2025: CATL becomes most-used underlying for derivative warrants

BYD and Pop Mart also led the underlying league table for derivative warrants, while the Hang Seng Index dominated for CBBCs.

Market Reviews
Switzerland Market Review, April 2025: boost for yield enhancement as volatility spikes

26 Jun 2025

Switzerland Market Review, April 2025: boost for yield enhancement as volatility spikes

Yield enhancement products reached a new high in April while demand for capital protection remained low.

Market Reviews
UK Market Review, May 2025: autocalls reach seven-month high as risk tolerance increases

24 Jun 2025

UK Market Review, May 2025: autocalls reach seven-month high as risk tolerance increases

The month saw a significant shift to capital-at-risk products while autocall products reached their highest market share since November 2024.

Market Reviews
South Korea Market Review, May 2025: capital protection sales up 70% YoY

23 Jun 2025

South Korea Market Review, May 2025: capital protection sales up 70% YoY

Interest rate-linked DLBs gain traction. Korea Investment & Securities becomes the largest issuer across wrappers.

Analysis

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

Analysis
Europe Q1 2025 (part 2): equities remain dominant

4 July 2025

Europe Q1 2025 (part 2): equities remain dominant

Equity underlyings continued to dominate the structured products landscape in Europe during the first quarter of 2025.

Analysis
Europe Q1 2025: higher sales driven by Swiss recovery

27 Jun 2025

Europe Q1 2025: higher sales driven by Swiss recovery

In the first quarter of 2025, the European market achieved a strong rebound in both issuance and sales volumes.

Analysis
Analysis: extracting, aggregating and enriching the option Greeks

27 Jun 2025

Analysis: extracting, aggregating and enriching the option Greeks

In this article, we look at how aggregation of different Greeks provides extra insights when managing underlying risk.

Analysis
Inverse autocallable BRCs: playing the downside

11 Jun 2025

Inverse autocallable BRCs: playing the downside

Inverse autocallable barrier reverse convertibles are one example of inverse or bearish products that are designed to offer attractive returns if the underlying asset declines.

Analysis
Europe: bearish Phoenix take over as fixed income notes lose steam

06 Jun 2025

Europe: bearish Phoenix take over as fixed income notes lose steam

Interest rate-linked structured products continue to play a key role in Europe, though with different regional preferences.

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 Index Report 2025: ESG, Thematic & Decrement
SRP Index Report 2025: ESG, Thematic & Decrement

In the second chapter of the latest SRP Index report, we delve into the growing role of thematic and ESG indices within the structured products market. A significant focus of this chapter is the integration of decrement and risk control overlays in ESG and thematic indices. 

SRP Global Market Overview & Europe Market Overview 2024
SRP Global Market Overview & Europe Market Overview 2024

The SRP Global Market Overview & Europe Market Overview 2024 provides an extensive analysis of structured product markets worldwide, highlighting key trends in capital protection, equity-linked products, and regional sales performance.

SRP Index Report 2025: Market Cap & Industry Sectors
SRP Index Report 2025: Market Cap & Industry Sectors

Indexing remains a driver of activity and innovation as well as issuance and sales in the global structured products market.