JP, Goldman and TD surge in FX forwards as Citi falls back
Counterparty Radar: Citi drops to fifth, losing a third of market share with US mutual funds
JP Morgan, Goldman Sachs and TD Securities surged in the rankings of foreign exchange forwards dealers to US mutual funds as Citi’s book of business continued to crumble, losing almost a third of its market share.
US funds reported $920 billion in aggregate positions in Q4, with JP Morgan and Goldman Sachs rising to third and fourth place, respectively, in terms of dealer volume. JP Morgan’s total reached $75.7 billion in Q4, up from $65.4 billion in Q3, while Goldman’s rose to $73.6 billion
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