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State Street flies high in FX forwards as Goldman, Citi dive

State Street shot up the FX forwards dealer rankings of US mutual funds in Q1 2022, taking advantage of Goldman Sachs losing over half of its market share and Citi’s continuous decline. State Street added $39.7 billion to its book, reaching a total of approximately $96 billion in notional amounts. The Boston-based dealer owe a good share of its growth to Vanguard, having secured some of the manager’s largest trades.

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