Top Honors to Barclays Capital, Citigroup, Goldman Sachs, Royal Bank of Canada and UBS; Webinar on Winning Transactions Set for April 20

New York, NY – April 7, 2010 - The U.S. Structured Products Association (SPA) announced five winners of the Second Annual Structured Innovation Awards at a press event this morning.  The 2010 Awards commemorated twenty of the best Structured Investments transactions issued to U.S. investors in 2009 across five distinct categories.  The awards recognize those firms and products that excelled in terms of performance, innovation, strategy and overall financial engineering. 

The selection committee reviewed a total universe of 3,000 individual structured products issued in the US market in 2009.   To be considered, a transaction had to demonstrate superior performance and demonstrate market-leading innovation (e.g. new structure type, unique underlying index or some other feature benefitting investors.)   The selection committee included independent pricing and valuation provider Numerix and research and analytics provider for structured products,

The following five firms received the top awards:

• Barclays Capital — Variable Participation S&P 500 Notes 2014  (Category:  Innovative Structured Trade of the Year )
• Citigroup — Callable Libor Range Accrual Protected Notes ‘24 (Category:  Structured Rates Trade of the Year)
• Goldman Sachs — Leveraged Gold Linked Protected Notes 2010 (Category:  Structured Commodities Trade of the Year
• Royal Bank of Canada — Three-Month Reverse Convertible (Category:  Structured Single Equity Trade of the Year)
• UBS — S&P 500 Return Optimization Securities (Category:  Structured Equity Index Trade of the Year).

This year’s winning transactions will be highlighted in a post-awards webinar sponsored by Numerix and on April 20, 2010. The webinar will provide insight into the award-winning strategies and innovations exhibited by this year’s winners.  For further information on the webinar please visit or contact Susan Gazaleh at

“These five award-winning transactions fully demonstrate the potential of value-added, cost-effective structured investments in providing investors with superior returns over traditional stock-picking," said Keith A. Styrcula, Chairman of the Structured Products Association.   "We congratulate the recipients of this year's Structured Innovations awards."

Steven R. O'Hanlon, President and COO, Numerix said, “We are extremely pleased to be a leading part of an awards program recognizing those institutions that represent excellence in the structured products industry.  It’s an honor for Numerix to heartily congratulate all the winners recognized here in the Structured Innovations Awards.” 

Tim Mortimer, Managing Director, added, “This is an exciting time for the US structured product market and we congratulate all those companies that feature in our list. Those of us from and Numerix involved in the selection process agree that the results showed an interesting spread across issuers, asset classes and product payoff types illustrating the diversity, strength in depth and innovation in the US market as it continues into 2010 and beyond."   

The awards for the top-five winners in each category were presented during an Awards Luncheon at the SPA's Seventh Annual Spring Conference on March 25, 2010 at the Grand Hyatt Hotel in New York.


About Structured Products Association
The Structured Products Association (SPA) is a New York-based trade group whose mission includes positioning structured products as a distinct investment class; promoting financial innovation among member firms; developing model "best practices" for members and their firms; identifying legal, tax, compliance and regulatory challenges to the business. With 9,600 members from around the world, the Association’s members include market participants from the exchanges, self regulatory bodies, legal/compliance community, financial media, investor networks, family offices, and both buy side and sell side structured product firms.

About Numerix
Numerix is the award winning, leading independent analytics institution providing cross-asset solutions for structuring, pre-trade price discovery, trade capture, valuation and portfolio management of derivatives and structured products. 

Since its inception in 1996, more than 400 financial institutions and 45 strategic partners across 27 countries rely on Numerix analytics for speed and accuracy in valuing and managing the most sophisticated financial instruments.  With offices in New York, London, Tokyo, Hong Kong, Singapore and Dubai, Numerix brings together unparalleled expertise across all asset classes and engineering disciplines. For more information,

About -- powered by Future Value Consultants -- provides research, valuations and analytics that serve the issuer and broker-dealer community in the US structured product market. is committed to providing research tools and analytics that serve the issuer and broker-dealer community in the US structured product market, helping to bring transparency and real time pricing capabilities to all market participants.  This service is launching fully in 2010, leveraging off the experience and methods of its UK counterpart which has been operating successfully for the last ten years. already has a database of over 7,000 products and will cover virtually the entire US market product by product.

Media Contact:
Todd Swearingen
+1 646-898-1294

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