Standard Chartered reported a jump of almost two-thirds in the size of its foreign exchange options trading book with US mutual funds in the second quarter, significantly narrowing the gap with JP Morgan in the dealer rankings.
The boost was due to an influx of US dollar/Chinese renminbi trades from Morgan Stanley Investment Management (MSIM), in which the bank is now the dealer for 52% of the asset manager’s FX options trades, up from 38% in the previous quarter.
It meant Standard
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