Goldman Sachs has taken the crown for the third consecutive month with its main rival J.P. Morgan failing to keep up.

In April, the US structured notes market booked a total of US$15.1 billion in traded notional from 5,051 issuances, approximately 20% of which came from the paper of Goldman Sachs.

There has been significant growth in interest among financial advisors in structured notes in recent months. Many advisors who already have allocations are seeking to expand them as a means of diversification, according to alternatives platform CAIS.