State Street flies high in FX forwards as Goldman, Citi dive

State Street shot up the FX forwards dealer rankings of US mutual funds in Q1 2022, taking advantage of Goldman Sachs losing over half of its market share and Citi’s continuous decline.

US mutual funds reported $1 trillion in aggregate FX forwards positions in the first quarter of the year, according to data from disclosures made to the US Securities and Exchange Commission that have been gathered and analysed by FX Market‘s Counterparty Radar service. State Street secured $95.9 billion in