As we leave 2020 with relief, and move forward into 2021, the world faces two unprecedented crises simultaneously. Firstly the need to rebuild public sector finances, after they have suffered the biggest ever hit in peacetime in the wake of the Covid pandemic. And secondly,
Citi extended its dominance of FX forwards trading among US funds in the third quarter, while BNP Paribas moved into second position on the back of a series of large trades with Vanguard, according to analysis of the latest filings by around 21,000 mutual funds.
Facing evolving demands in a world struck by the Covid‑19 pandemic, Morgan Stanley has adapted to trends and readied a new non-deliverable forward product, while its algo product suite has outshone its peers
Central bank announces FX spend in advance for first time and pledges 40% increase