The report highlights DWs and CBBCs with concentrated trading activity, where a small group of investors accounts for the majority of the turnover. Published daily after market close, it covers the top 100 DWs and the top 100 CBBCs by turnover.

A high concentration in trading volume may reflect the strategies of a few investors rather than broad market sentiment. Therefore, any shift in their trading strategy could potentially result in a sudden drop in liquidity.

A key feature of listed structured products is the provision of liquidity by a designated liquidity provider appointed by the issuer. However, high turnover does not necessarily indicate actual liquidity. Investors are reminded not to rely solely on turnover figures when selecting structured products. Instead, investors should also consider other factors, including but not limited to, bid-ask spread and quote size offered by liquidity providers in assessing the liquidity of listed structured products.