BNP Paribas regained high spot within the seller rankings for international alternate forwards trades with US mutual funds within the second quarter as its volumes jumped by three-quarters owing to elevated enterprise with Pimco.
Of the $56.8 billion progress in notional on the French financial institution, $44 billion was accounted for by extra exercise with the California-based fund supervisor, bringing BNPP’s whole with US mutual funds and exchange-traded funds (ETFs) to $132.2 billion.
Against this, the earlier quarter’s high FX
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