2019 was a year of stagnation in terms of growth for the Mexican economy with about 0.1% contraction in the first three quarters. Despite minimal signs of a recovery the structured products market retains its good health with product issuance and sales growing two-fold.
Mexican financial group Monex has reported its 2019 net income to be MXN1.38 billion (US$69.5m), a 24% increase from the previous year, while its 4Q19 net income figure stands at MXN354m, a 1.4% drop from the same quarter in 2018. Monex’s issuance of derivative products also met with a decline totalling revenues of MXN111m in Q4 2019 from MXN168m in Q4 2018, while its 2019 issuance stands at MXN490m from its 2018 amount, MXN584m, a 16.1% decrease. According to SRP data, Monex was the top
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