Monex and BBVA Bancomer, dominant players in the Mexican structured products market, have suffered landslide sequential plummets in both their issuances and sales during the second quarter of 2020, according to SRP data.

Mexican financial group Monex retains its position as the most prolific issuer in Mexico with an issuance of 803 products valued at US$1.46 billion, compared to 988 products worth an estimated US$6.1 billion in Q1 20 and 1,523 (US$2.48 billion) in Q2 19. BBVA Bancomer, a subsidiary of the Spanish banking group, trails behind with 423 products for US$718m issued, a decrease from its Q2 19 figure of 386 products valued at US$2.23 billion. During Q1 20, the bank issued 398 structured products with

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