BNPP and BofA top this year’s FX Markets Dealer Rankings
Both banks prospered with US mutual funds, while Morgan Stanley remained top counterparty for life insurers
The pecking order of the top dealers across foreign exchange markets received a shake-up in the second edition of FX Market’s Dealer Rankings, with two out of three of last year’s victors losing their crown.
In the US mutual fund and exchange-traded fund (ETF) market, BNP Paribas (BNPP) claimed top spot for FX forwards, while Bank of America did the same in FX options. Morgan Stanley retained its position as highest-scoring dealer for US life insurers, a rare feat in these fluid markets.
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