BNPP back in dealer top three for FX forwards with mutuals

Deutsche Bank, HSBC hit by cuts at Vanguard and Pimco in Q2

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BNP Paribas found itself back in the top-three dealers for foreign exchange forwards with mutual funds in the second quarter of this year – for the first time since the start of 2022 – while cuts in positions from Pimco and Vanguard saw Deutsche Bank and HSBC tumble down the rankings.

The French bank had regularly been a top-three contender since FX Market’s Counterparty Radar data service began aggregating industry filings at the start of 2020, but it slid down the rankings from Q2 2022.


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