Odd Lots

The $300 Billion Structured Notes Market Is Booming

November 2, 2026·51 min·7-min readconversationalfinance
Podzilla Summary (7 min)
TLDR
Joe Weisenthal and Tracy Alloway of the Odd Lots Podcast speak with Alex Micalizzi, managing director and international head of equity structured notes at Nomura, about how structured notes — especially auto-callables and 'worst of' products — have grown into a massive market, how dealers

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Guest

A

Alex Micalizzi

conversational on Odd Lots

Mentions

Books, people, and resources mentioned in this episode.

People

Alex MicalizziEmanuel DermanCharlie McElligottShuli Ren

Companies

NomuraCoreWeaveNVIDIA

Products & Tools

S&P 500Russell IndexVIX

Topics

Artificial IntelligenceBankingInvestingOptions TradingStock MarketTech IndustryVenture Capital

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