JP Morgan falls from 5th to 13th placeth After significant discounts by Athens and TIAA, it became the number one dealer in foreign exchange futures trading with US insurance companies in the third quarter of 2023.
A surge in transactions with MassMutual in the first quarter propelled the U.S. bank to sixth place, and it moved up another spot in the second quarter. However, industry reports collected and analyzed by Risk.net’s Counterparty Radar service show that a $624 million reduction in TIAA and a $354 million decline in transactions with Athens led to He fell out of the top 10.
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