Citi extends lead in FX forwards, BNP Paribas climbs
Counterparty Radar: Total value of forwards positions jumps 11% after second-quarter dip
Citi extended its dominance of FX forwards trading among US funds in the third quarter, while BNP Paribas moved into second position on the back of a series of large trades with Vanguard, according to analysis of the latest filings by around 21,000 mutual funds.
The study is based on individual fund reports to the US Securities and Exchange Commission (SEC) covering the third quarter of last year, which represent 66,766 trades with an aggregate value of $834 billion.
It shows Citi leading the
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