Brazilian investment bank XP Inc. has reported a 80% jump in retail revenues to BRL1.7 billion (US$310m) for the third quarter of 2020.
The increase was mostly been driven by an influx of structured notes (COE) issuance as well as equity-linked derivatives and fixed income. SRP data shows that the bank’s subsidiary XP Investimentos is the highest-ranking issuer group in the Brazilian market having issued a total of 78 structured products at BRL1.01 billion in Q3 20. Other leading firms include Morgan Stanley (19/BRL225m), Credit Suisse (13/BRL149.9m), BNP Paribas (six/BRL92.5m), and BTG Pactual (six/BRL55.7m). XP Invest
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