‘Smarter’ bespoke product orders welcomed by banks
The custom structured products requested by US advisers today reflect a growing understanding of these instruments, as banks remain eager to commit to trades. At the same time, automation is gaining traction
US investors are taking advantage of technology and asking banks to build them bespoke structured products that tweak existing offerings, while banks say they welcome the custom orders that can take the guesswork out of creating products and mitigate the risks of best efforts offerings.
Custom orders have always been a "big component" of Credit Suisse's business, but today the bank will create notes for clients below $1 million "without too much difficulty" in some cases, says Mike Clark, head
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