Morgan Stanley solidifies forwards lead as Citi and BNP slip
Counterparty Radar: Non-G10 pairs regain momentum despite dip in total positions in Q3
Morgan Stanley has consolidated its position as the leading provider of foreign exchange forwards to US mutual funds in the third quarter, further growing its market share in a quarter that its two other competitors for the top spot – Citi and BNP Paribas – lost ground.
US mutual funds on aggregate reported $919 billion in FX forwards in Q3, and Morgan Stanley was responsible for approximately $116 billion of those, representing 13% of total volume. That gave the US bank a modest gain of
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