Pimco and Vanguard slash FX forwards trading with | Foreign exchange Information
BNP Paribas had its overseas exchange forwards ebook with US mutual funds halve during the third quarter of 2024, as Pimco and Vanguard considerably cut their actions with the French bank.
Notional for BNP Paribas dropped from $132.2 billion to $66.9 billion, sending it falling down the vendor rankings from first to seventh. This was attributable to Pimco and Vanguard lowering their positions with it by $44.6 billion and $20.7 billion, respectively.
This enabled State Avenue to maneuver up one place to take
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