Morgan Stanley Reportedly Executes Massive FX Trade

  • 02 Feb 2002
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Morgan Stanley reportedly bought two yards of dollar puts/Canadian dollar calls Wednesday. The move sent one-week implied vol rocketing from 6.5% to 8.5%. The trade was executed in an hour and one trader said it is the equivalent notional size as goes through in an average week.

Traders said the firm bought one and two-month at-the-money options when spot was at CAD1.59. Traders speculated the options were executed for a customer who wanted to pull the trigger at a particular spot rate and did not care about the price. One trader estimated executing a position of this size over such a short period probably cost the customer an additional 10-15 basis points of the notional size than it would have cost to buy it over a couple of days.

  • 02 Feb 2002

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Sep 2019
1 JPMorgan 299,908.40 1348 8.58%
2 Citi 269,633.69 1139 7.71%
3 Bank of America Merrill Lynch 233,702.48 955 6.69%
4 Barclays 215,977.22 873 6.18%
5 Goldman Sachs 171,316.37 716 4.90%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 33,565.22 148 7.28%
2 Credit Agricole CIB 33,319.19 143 7.22%
3 JPMorgan 25,404.62 68 5.51%
4 Bank of America Merrill Lynch 23,368.44 65 5.07%
5 SG Corporate & Investment Banking 22,565.04 105 4.89%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 9,273.57 56 10.29%
2 Morgan Stanley 8,122.33 40 9.01%
3 Goldman Sachs 7,738.32 41 8.59%
4 Citi 6,426.54 47 7.13%
5 UBS 4,913.18 26 5.45%