JP Morgan increases FX options dealer lead as Goldman slips
Counterparty Radar: GSAM up five manager spots amid market decline, while MSIM holds RMB positions steady
JP Morgan has extended its lead as top foreign exchange options dealer in the rankings for US mutual funds in the second quarter, holding close to half of the notionals with the client group and winning nearly twice the market share of its nearest competitor.
Mutual funds had shed a total of $3.2 billion of FX options notionals from their books as of the end of Q2, going down to $54.9 billion, with the largest cuts seen in Asia-Pacific currency pairs. The information is based on disclosures
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