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Market snapshot: A new order

The new order being established in the US structured products public issuance market has Bank of America Merrill Lynch, RBC and JP Morgan hogging the top spots

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Changes in US public issuance have brought Bank of America Merrill Lynch to the position of most prolific issuer after it achieved a 21% market share by notional in April. Royal Bank of Canada also maintained its strong presence and accounted for 18% of the notional for the month, while JP Morgan achieved a market share of almost 15%.

Leveraged return products were by far the most common product

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