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Smart guidance powered by data, innovation, and decades of financial expertise.

Markets

US Markets Morning Update - 2026-11-13

Microsoft's Outlook, Teams, and Copilot outage extends into a second day, disrupting global trading desks and government offices with traders forced to use alternative communication channels.

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Structured Products

What Is an Autocallable? In 5 Bullets

“Autocallable” may be one of the most-used words on a structured products desk. Here’s what it means. In the US, the most common form is the Autocallable Contingent Yield Note.

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Structured Products

Why "Worst-Of" Is Worse Than You Think

Two assets, each with a positive expected return, can combine into a "worst-of" note with a negative one, even at fairly high correlation. Here's the math behind why.

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The clever way to structure your investments

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