Niche FX crosses pop up in mutual fund options activity
Counterparty Radar: Fund filings reveal unusual FX options crosses – some never repeated, many with unclear strategies
Over the five years of Counterparty Radar analysis, we’ve typically tracked the biggest trading firms, the most popular currencies and the largest trades.
But buried in the data are also a handful of one-off trades by US mutual funds and exchange-traded funds on very niche FX options crosses that caught our eye and we thought were worth highlighting – if only for curiosity’s sake. While they may
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