Sales of structured products jumped to an unprecedented monthly level at US$19.0 billion while J.P. Morgan slides to the fourth place from the top in a rare move.

A total of 5,655 structured notes were issued with a notional of US$19.0 billion in the US in October, extending the rally for the third consecutive month. The notional amount recorded a 24.6% climb from September , or 37.1% higher than a year ago, SRP data shows. US: structured notes sales by month (US$m) Source: SRP In October, the S&P 500 edged up 2.27%, bringing its year-to-date (YTD) performance to 16.30%. The Magnificent 7, which made up 35.7% of the S&P 500 market value, outp