Swiss Derivative Awards 2026

The following products and their issuers were honoured by the jury and the audience:

EQUITY PRODUCT

• Winner: Société Générale, Phoenix Double-Up Worst of auf Broadcom, Alphabet und Amazon, ISIN CH1444813088
• Nominee: Swissquote Bank, Tracker-Zertifikat auf Swissquote Cancer Fighters Index, ISIN CH1345423755
• Nominee: Bank Julius Bär, Range Warrant auf Lonza, ISIN CH1452830099

COMMODITY PRODUCT

• Winner: Leonteq Securities, Kapitalschutz-Zertifikat auf Kupfer, ISIN CH1349988787
• Nominee: Vontobel, Tracker-Zertifikat auf Solactive Rare Earth & Minerals Index, ISIN CH1470283412
• Nominee: UBS, Autocall Twin-Win-Zertifikat auf WTI Crude Oil Front Month Futures, ISIN CH1485428952

INDEX PRODUCT – SPONSORED BY SIX

• Winner: Bank Julius Bär, Tracker-Zertifikat auf JB Next Generation Cloud Computing & AI Index, ISIN CH0591004947
• Nominee: Bank Julius Bär, Range Warrant auf SMI, ISIN CH1452829976
• Nominee: Vontobel, Tracker-Zertifikat auf Solactive Advanced Humanoid Robotics, ISIN CH1427004473

PRODUCT ON PRECIOUS METALS / FOREIGN CURRENCIES / INTEREST RATE

• Winner: Zürcher Kantonalbank, Kapitalschutz-Zertifikat mit Partizipation auf USD/CHF Wechselkurs, ISIN CH1492836916
• Nominee: Zürcher Kantonalbank, Tracker-Zertifikat auf „Traceable Gold”, ISIN CH0506577433
• Nominee: Banque Cantonale Vaudoise, „Goldzertifikat Optimierte Erträge”-Portfolio, ISIN CH1462946281

PRODUCT ON ALTERNATIVE UNDERLYING

• Winner: Leonteq Securities, ETP+ auf Adaptive All Season Index, ISIN CH1325436132
• Nominee: Leonteq Securities, YieldETP+ auf Tesla 110% Covered Call Index, ISIN CH1447745113
• Nominee: Swissquote Bank, Tracker-Zertifikat auf Swiss Real Estate Portfolio Index, ISIN CH1282379200

PRODUCT ON AN ACTIVE UNDERLYING – SPONSORED BY VESTR

• Winner: Maverix Securities, Tracker-Zertifikat auf Golden Lakshya (Small & Mid Cap India) Index, ISIN CH1413565974
• Nominee: Bank Julius Bär, Tracker-Zertifikat auf JB Next Generation Extended Longetivity NTR Index, ISIN CH1123380110
• Nominee: Banque Cantonale Vaudoise, Tracker-Zertifikat auf JB Next Generation Extended Longetivity NTR Index, ISIN CH1432022965

BEST ESG-PRODUCT

• Winner: Swissquote Bank, Tracker-Zertifikat auf Swissquote Impact Index, ISIN CH1236309501
• Nominee: Vontobel, Tracker-Zertifikat auf Circular World Index, ISIN CH0515591003
• Nominee: Leonteq Securities, ETP+ auf GGX Sustainable Dynamic Leaders Europe Index, ISIN CH1171793453

INNOVATION AWARD

• Winner: SSPA Benchmark Index (SSPA)

The Innovation Award, presented for the second time, was awarded to the SSPA Benchmark Index. The Swiss industry association launched this index on 2 September 2025. For the first time, it provides a transparent and consistent framework for assessing the performance of structured products. This represents another step towards enhancing transparency and comparability of structured products for investors.

SPECIAL AWARD

• Winner: „znüni - der Börsentalk: Erst reden, dann handeln!” (Podcast with Serge Nussbaumer and Roman Przibylla)

The jury has decided to once again present a Special Award this year. The award goes to the Swiss stock market podcast “znüni – der Börsentalk: Erst reden, dann handeln!” with Roman Przibylla and Serge Nussbaumer. Since 2022, the two finance experts have been discussing market developments weekly on their podcast. In addition to stocks, bonds, and ETFs, structured products are a particular focus. Today, the podcast is an established presence in the Swiss financial sector, reaching around 20,000 listeners per week, who gain practical insights into how these products can be effectively integrated into a portfolio.

THE BEST MARKET MAKERS

Fair prices in the secondary market are a key element of a good investment product for investors. In the field of leveraged products, Bank Julius Bär once again secured first place as the best market maker. The issuer is distinguished by consistent quality in the pricing of its issues on the secondary market at SIX Structured Products. In the category of investment products, Luzerner Kantonalbank claimed first place for the sixth consecutive time.

TOP SERVICE – for the best

The issuers’ services were evaluated based on the quality of their term sheets, brochures and customer magazines, derivatives website, market making, investor survey, and pricing.

• Luzerner Kantonalbank
• Raiffeisen Schweiz
• Vontobel
• Leonteq Securities

RESEARCH AWARD – SPONSORED BY SSPA

The best academic works (master’s theses, doctoral dissertations, and papers) on derivatives and structured products.

• Winner: Dr. Leander Gayda, „Retail Traders Love 0DTE Options … But Should They?”; Part of the author’s dissertation at the University of Münster; co-authors: Heiner Beckmeyer and Nicole Branger
• Honoured: Anian Roppel, „Option-implied lower bound beliefs and the impact of negative interest rates”; Part of the author’s dissertation at the Karlsruhe Institute of Technology; co-authors: Nils Unger and Marliese Uhrig-Homburg
• Honoured: Niclas Käfer, „Options on Drugs: Industry Exposure and Option Anomalies”; Part of the author’s dissertation at the University of St. Gallen