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 Reviews
CEE (Q3 2025): flows dip amid changing conditions
CEE (Q3 2025): flows dip amid changing conditions

There was a solid demand for capital protected autocalls during the quarter while appetite for express certificates remained also strong.

Market
UBS GWM seeks diversified income
UBS GWM seeks diversified income

Structured Investments and hedging at the forefront of UBS GWM’s income strategy for 2026.

Market Reviews
US October 2025: another peak for the street, JPM retreats
US October 2025: another peak for the street, JPM retreats

Sales of structured products jumped to an unprecedented monthly level at US$19.0 billion while J.P. Morgan slides to the fourth place from the top in a rare move.

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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: LSEG re-hires former SIX head, Optiver bolsters institutional sales

4 December 2025

People: LSEG re-hires former SIX head, Optiver bolsters institutional sales

Also: Schroders appoints its first head of ETFs; BX Swiss names trading veteran to the board; Optiver makes three senior hires; Trading Technologies adds senior sales.

People
BofA reshuffles global markets team

02 Dec 2025

BofA reshuffles global markets team

The launch of the new team comes on the heels of the appointment of the new co-presidents of the US bank in mid-September.

People
Deutsche Bank appoints head of private bank investment solutions

02 Dec 2025

Deutsche Bank appoints head of private bank investment solutions

The German bank is seeking to enhance its global wealth and investment platform.

People
Marex ramps up hedging solutions with first hire in HK

01 Dec 2025

Marex ramps up hedging solutions with first hire in HK

The British financial services provider is expanding its hedging solutions which sits in the same division as the structured notes business.

People
Vontobel names co-heads of structured products and treasury

01 Dec 2025

Vontobel names co-heads of structured products and treasury

The Swiss structured products provider has announced a leadership shift in its solutions and treasury business as industry veterans named co-heads of SST division.

Products

An in-depth review of the latest product launches.

Products
Product wrap: BNPP offers fixed income plus KO on Euronext sector index

5 December 2025

Product wrap: BNPP offers fixed income plus KO on Euronext sector index

In this week’s wrap we look at a selection of structured products with strike dates between 30 November to 6 December 2025.

Products
France: Hedios, Crédit Mutuel Arkéa cash in on Stoxx decrement play

05 Dec 2025

France: Hedios, Crédit Mutuel Arkéa cash in on Stoxx decrement play

The autocallable bond logged 34% gain against 11.11% delivered by its benchmark index.

Products
Innovator initiates first monthly distributions for autocallable income ETFs

05 Dec 2025

Innovator initiates first monthly distributions for autocallable income ETFs

The two funds include the Innovator Index Autocallable Income Strategy ETF (ACII) and the Innovator Equity Autocallable Income Strategy ETF (ACEI), both listed on the NYSE Arca.

Products
Citi expands vol control shelf with multi-asset plays

03 Dec 2025

Citi expands vol control shelf with multi-asset plays

The US bank is seeking to bring a proprietary equity/gold index with volatility target to US investors following offshore trades as gold price reaches an all-time high.

Products
Luma to power InspereX structured note distribution platform

03 Dec 2025

Luma to power InspereX structured note distribution platform

The US distributor will deploy Luma’s structured product technology through its newly launched Aria platform.

Regulation

Updates and commentary on evolving market regulation.

Regulation
Leonteq completes FRTB transition, regulatory legacy nears closure

4 December 2025

Leonteq completes FRTB transition, regulatory legacy nears closure

Completion of the SA-FRTB transition coincides with the near-completion of Finma-mandated remediation tied to misconduct.

Regulation
Esma targets conflicts of interest in retail investor protection push

04 Dec 2025

Esma targets conflicts of interest in retail investor protection push

The CSA will focus on remuneration, inducements, and digital channels influencing product selection.

Regulation
FCA floats proposals for transparent ESG ratings

02 Dec 2025

FCA floats proposals for transparent ESG ratings

The move is estimated to deliver around £500m (US$661m) in net benefits over the next decade, according to the British regulator.

Regulation
Korean regulator penalises five banks over ELS mis-selling

01 Dec 2025

Korean regulator penalises five banks over ELS mis-selling

The combined amount of fines and penalties is expected to reach about KRW2 trillion (US$1.45 billion).

Regulation
MAS tightens capital treatment for structured products after review

28 Nov 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.

Technology

Discover technological advances in the industry.

Technology
SP DJI launches IndexBuilder platform for custom indices

5 December 2025

SP DJI launches IndexBuilder platform for custom indices

The platform enables independent prototyping, backtesting and ordering of customised indices within a unified interface.

Technology
InspereX floats Aria to streamline alternatives, fixed income for RIAs

04 Dec 2025

InspereX floats Aria to streamline alternatives, fixed income for RIAs

The platform combines fixed income, structured products, and alternatives with digital tools for registered investment advisers (RIAs).

Technology
Bullish and Immersive Finance integrate to enhance crypto options trading

04 Dec 2025

Bullish and Immersive Finance integrate to enhance crypto options trading

The integration will provide traders with real-time risk analytics, detailed profit and loss attribution, and portfolio sensitivities.

Technology
Nomura partners with OpenAI to enhance asset management capabilities

01 Dec 2025

Nomura partners with OpenAI to enhance asset management capabilities

Nomura has entered a strategic collaboration with OpenAI to integrate advanced generative artificial intelligence (AI) technology into its asset management and research processes.

Technology
Frost Bank partners with Derivative Path to modernise derivatives platform

26 Nov 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.

Market

Key industry events and change drivers.

Market
UBS GWM seeks diversified income

5 December 2025

UBS GWM seeks diversified income

Structured Investments and hedging at the forefront of UBS GWM’s income strategy for 2026.

Market
Indexed annuities lead strong US life insurance sales growth in Q3: Limra

05 Dec 2025

Indexed annuities lead strong US life insurance sales growth in Q3: Limra

Limra reports indexed universal life (IUL) premium up 16% in Q3 and 19% year to date, supported by strong equity markets and simplified products.

Market
Franklin Templeton launches ETF tracking Solana

05 Dec 2025

Franklin Templeton launches ETF tracking Solana

SOEZ seeks to track Solana price performance and staking rewards, with valuation based on CME CF Solana-Dollar Reference Rate.

Market
Kraken and Deutsche Börse partner to connect traditional and digital markets

05 Dec 2025

Kraken and Deutsche Börse partner to connect traditional and digital markets

Bridging crypto and traditional finance, Kraken and Deutsche Börse have teamed up to build a unified access point for institutional market infrastructure.

Market
VanEck, Vestmark partner to offer custom model portfolios for advisors

05 Dec 2025

VanEck, Vestmark partner to offer custom model portfolios for advisors

The portfolios will be available to registered investment advisers, broker-dealer representatives and other advisory professionals.

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
CEE (Q3 2025): flows dip amid changing conditions

5 December 2025

CEE (Q3 2025): flows dip amid changing conditions

There was a solid demand for capital protected autocalls during the quarter while appetite for express certificates remained also strong.

Market Reviews
US October 2025: another peak for the street, JPM retreats

05 Dec 2025

US October 2025: another peak for the street, JPM retreats

Sales of structured products jumped to an unprecedented monthly level at US$19.0 billion while J.P. Morgan slides to the fourth place from the top in a rare move.

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

27 Nov 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.

Analysis

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

Analysis
Greeks comparison - Microsoft and Nvidia (Part 2)

3 December 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.

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.

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.