HSBC claims top FX forwards spot as US banks fall back

Counterparty Radar: Morgan Stanley falls from pole position for first time since Q2 2021 amid wider volume decline

HSBC-top-in-FX-forwards
Risk.net montage

HSBC has become the top foreign exchange forwards dealer for US mutual funds for the first time, leaping from fifth spot to first in the second quarter on the back of a surge of trading with Pimco and reduced trading at some of its US rivals.

Despite the recent rise in FX volatility, the overall market declined by more than $133 billion to $920 billion over the quarter – down from $1.05 trillion in Q1 – according to data from disclosures made to the US Securities and Exchange Commission that

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: