MSIM revived RMB options activity in Q1

Counterparty Radar: Investment firm added $2 billion in dollar/renminbi options, mainly with JP Morgan and StanChart

USD-RMB-options-strategy-resumes

Morgan Stanley Investment Management increased its US dollar/Chinese renminbi options position during the first quarter of 2023, in a sign the firm may be restarting its RMB hedging strategy.

The largest portion of MSIM’s trades were executed with JP Morgan and Standard Chartered, taking the fund manager’s RMB position from $5.2 billion in Q4 to $7 billion, according to quarter-end filings made to the US Securities and Exchange Commission and aggregated by FX Market’s Counterparty Radar

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