Some 413 structured products worth ZAR1.2 billion (US$80m) were added to the SRP South Africa database in the fourth quarter of 2020.
The index provider is building up its client coverage to respond to ‘tremendous opportunity’ to licence indices to broker-dealers and banks for the creation of OTC derivatives and structured products as demand for product creation increases.
The Anglo-South African bank is the latest casualty of the market volatility seen earlier this year but remains “committed” to retail structured products.
The LPA group-owned Israeli fintech has spun off its click-and-trade platform to launch a new multi-issuer hub.
The Swiss structured products provider has been targeting qualified investors in Israel for almost a decade.
Structured products are increasingly used as an alternative to equities by investors in South Africa.
Some 104 structured products worth an estimated ZAR381.4 billion (US$21m) were added to the SRP database in the second quarter of 2020.
Sixty-five structured products worth an estimated ZAR516m ($29m) had strike dates in the first quarter of 2020.
Congratulations to all the winners of the Europe 2020 awards, which were handed out on January 29 during SRP’s 18th conference in the capital – also its first black tie event.