Structured Products & Certificates (The European Trader’s Handbook): A Practitioner's Guide to the World's Largest Retail Derivatives Market - Softcover

Pelz, Tony

Softcover

ISBN 13: 9798181727014

Publisher: Independently published, 2026

Synopsis

The European retail structured products market, centered on Germany, Austria, Switzerland, and Italy, is the largest retail derivatives market in the world. More than one trillion euros in structured products are outstanding at any given time. Millions of European retail investors hold certificates as a core component of their portfolios. Yet the available English-language practitioner literature on these instruments is sparse, often superficial, and almost never written by someone who has actually traded the bank side of the book. This is that book. Structured Products and Certificates is a practitioner's guide to the full European certificate universe: capital protection certificates, bonus certificates, discount certificates, knock-out turbos, express certificates, and barrier reverse convertibles, covering how each product is structured, how it is priced, what the brochure does not tell you, and how a sophisticated private investor uses them with precision. What this book covers:
- How European structured products are constructed, priced, and risk-managed at the institutional level
- The specific risks behind each major product family that no product brochure describes
- How to read a PRIIPs KID and what the regulatory risk score actually measures
- Exchange infrastructure: Euwax, SIX Swiss Exchange, and Borsa Italiana SeDeX, and how each market differs
- How to select, size, and time structured product positions with a professional framework
- Capital protection mechanics, and precisely when that protection is less robust than it appears
This is not a product brochure. It is not written for investors who need to understand what a bond is. It is written for practitioners who already understand how markets work and want to trade the largest retail derivatives market in the world at a professional standard.
The European Trader’s Handbook Series
The European Trader's Handbook series was built on a recognition that European retail traders inhabit a financial instruments landscape that is fundamentally different from the one described in most English-language trading books.
The retail derivatives market in Germany, Switzerland, Austria, and Italy, traded on exchanges like Euwax, SIX Swiss Exchange, and Borsa Italiana, is the largest retail structured products market in the world. More than a trillion euros in structured products are outstanding at any given time. Millions of retail investors hold certificates as a core component of their portfolios. Yet the available English-language practitioner literature on these instruments is sparse, often superficial, and almost never written by someone who has actually traded the bank side of the book. This series corrects that. Each volume covers one domain of European financial instruments with the same standard applied to the Master Option Trader series: institutional-depth execution, honest analysis of what works and what fails, and concrete trade examples with real numbers. The reader this series is written for already understands how markets work. The series does not explain what a bond is or what diversification means. It explains how European instruments are structured, priced, and traded by practitioners, and how a sophisticated private investor can use them intelligently. Books in This Series:
Book 1: Structured Products & Certificates
Book 2: Knock-Out Certificates & Turbos
Book 3: Discount Certificates
Book 4: Bonus Certificates
Book 5: Express Certificates
Book 6: Reverse Convertibles & Capital Protection
Book 7: Factor Certificate & Warrants
The professionals who consistently profit in European financial markets are not smarter than you. They understand the instruments more precisely, from structure to pricing to the specific risks that no product brochure describes.

Edition details

• Publisher: Independently published
• Publication date: 2026
• Language: English
• ISBN 13: 9798181727014
• Binding: Paperback
• Number of pages: 166