The companies, products and regulatory developments shaping the broker industry.
The January 2022–September 2025 comparison covers a defined subset of barrier certificates. Its four categories show different returns, while residual-value assumptions and excluded fees limit what investors can infer.
The Irish issuer has changed a core programme service provider from 2 November under substantially the same agreement terms, while stating that the appointment is not materially prejudicial to ETP holders.
Cboe reports a Q3 record in flexible options and more than 71 million contracts of open interest, while a potential cash-settled single-stock extension remains a regulatory proposal.
Swiss ETFs traded CHF14.003bn, but combined Swiss and Spanish turnover declined 11.6% from September; BME’s securitised-derivative growth came from a much smaller base.
The September package gives issuers a more concrete way to distinguish programme maintenance from a new product requiring a fresh base prospectus. Product design and distribution planning need to be considered together.
The strategies seek the premium between implied and realised volatility using options and perpetual futures. Their calculated performance can support several investment formats, each with its own financing, collateral and payment terms.