Structured products sales volumes in Switzerland in October increased by 24% year-on-year, as 2,021 products worth CHF2.44 billion (€2 billion) were added to the SRP database. Sales of CHF1.85 billion (from 1,436 products) were recorded in October last year.
The Swiss Market Index (SMI) finished the month at 9,022.16 basis points, decreasing with 0.72% on the month, with volatility closing at 17.62% on the last trading day of the month, 50% higher than at the end of September. The Swiss franc was the preferred currency for issuance, accounting for 72.91% of sales volume, followed by the US dollar, which made up 16.75% of new issues, and the euro, at 10.19%, according to the Six Swiss Exchange. Structured products accounted for 2.94% of banks&rsquo
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