Corporate-focused banks see boom in FX trading volumes in H1

US banks report higher FX swaps and forwards volumes from corporates as SA-CCR effect wanes, BCG research shows


Foreign exchange dealers with strong corporate banking footprints saw higher trading volumes than those with only institutional flows during the first half of 2023, according to research collected by Boston Consulting Group’s Expand Research.

Overall corporate FX trading volume, including voice trades, was largely driven by US companies as a surging dollar required many to review their hedging programmes. As a result, US banks reported a 31% increase in activity with corporates.

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