The US bank sees structured products sales in the US market increase by 87% Y-o-Y as it reports a ‘very strong’ performance from its institutional client group in Q3.

Citi has become the number one structured products issuer in the US market, according to SRP data. The bank collected a combined US$2.2 billion (from 767 products ) via its Citigroup Global Markets issuance vehicle in the third quarter of 2020, up 87% in sales and up 91% in issuance from the prior year quarter. It is now the market leader in the US, with a market share of just under 13%. Goldman Sachs and Barclays with a share of 12.5% and 11%, respectively, came second and third. In its third

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