On October 16, the list of first-tier traders announced by the Federal Reserve Bank of New York showed that NatWest Markets Securities Inc. had withdrawn from the list, and the adjustments took effect from the same day. Tier 1 traders are counterparties when the New York Federal Reserve implements monetary policy. They must continue to participate in open market operations, provide market information and analysis, participate in US Treasury bond issuance auctions, and provide reasonable market quotes when the New York Federal Reserve conducts transactions on behalf of foreign official accounts. After this adjustment, the list also includes institutions such as J.P. Morgan Chase, Citibank, Goldman Sachs, Morgan Stanley, Bank of America, and Deutsche Bank.
Zhitongcaijing · 2d ago
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On October 16, the list of first-tier traders announced by the Federal Reserve Bank of New York showed that NatWest Markets Securities Inc. had withdrawn from the list, and the adjustments took effect from the same day. Tier 1 traders are counterparties when the New York Federal Reserve implements monetary policy. They must continue to participate in open market operations, provide market information and analysis, participate in US Treasury bond issuance auctions, and provide reasonable market quotes when the New York Federal Reserve conducts transactions on behalf of foreign official accounts. After this adjustment, the list also includes institutions such as J.P. Morgan Chase, Citibank, Goldman Sachs, Morgan Stanley, Bank of America, and Deutsche Bank.
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