The pecking order of the top dealers across foreign exchange markets received a shake-up in the second edition of FX Market’s Dealer Rankings, with two out of three of last year’s victors losing their crown. In the US mutual fund and exchange-traded fund (ETF) market, BNP Paribas (BNPP) claimed top spot for FX forwards, while Bank of America did the same in FX options. Morgan Stanley retained its position as highest-scoring dealer for US life insurers, a rare feat in these fluid markets. To
