The financial group suffered a 31% fall in issuance and a 20% decrease in sales with 960 structured products valued at MXN 49.2 billion (US$2.4 billion) during the fourth quarter of 2020, compared with 1,403 products in Q4 19 worth MXN 62.2 billion.
Despite the slowdown in activity which was felt across the market Monex continues to dominate the Mexican structured products market . It was able to maintain its top ranking for the entirety of 2020. The most popular products at Monex in 2020 were wedding cakes and double no-touch (DNT) options with short maturities of one to two weeks while structured notes gained popularity, due to the decrease in interest rates in Mexico during the pandemic, according to Ricardo Guido, ( pictured ) director
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