NatWest Markets Securities Inc. Exits Federal Reserve Primary Dealer Roster
1 report, 1 independent
Updated Oct 17
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What happened
NatWest Markets Securities Inc. exited the Federal Reserve Bank of New York’s primary dealer roster on October 16, 2026, ending its role as a primary-dealer counterparty in the Fed’s monetary-policy operations. Separately, the U.K. Debt Management Office lists NatWest Markets plc in its wholesale tier of gilt market makers.
From econotimes.com
Why it matters
As a primary dealer, the firm was expected to bid in U.S. Treasury auctions and provide market liquidity for the Federal Reserve Bank. Its departure changes the composition of counterparties involved in the Fed’s monetary-policy operations.
From econotimes.com
Who's involved
- Federal Reserve BankThe regional bank of the U.S. Federal Reserve System whose roster NatWest Markets Securities Inc. left.
- U.S. TreasuryThe U.S. Treasury, whose financial operations are executed by the Federal Reserve Bank.
- Federal Reserve SystemThe central banking system of the United States that the Federal Reserve Bank is a component of.