Morgan Stanley regains FX forwards top spot
Counterparty Radar: US bank dethrones HSBC, which slipped to fourth in Q3
Morgan Stanley regained its position as the top foreign exchange forwards dealer for US mutual funds in the third quarter, dethroning HSBC on the back of a surge in volumes from Pimco.
Overall, US mutual funds shrunk their positions in FX forwards in Q3, with the market declining by around $37.2 billion, or 4%, according to data from disclosures made to the US Securities and Exchange Commission that have been gathered and analysed by Risk.net's Counterparty Radar service. The overall fall in
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