MUFG Securities Americas Inc. (MUSA) was officially designated a Primary Dealer of the Federal Reserve Bank of New York on January 15, 2026, granting the firm direct access to the Fed’s open‑market operations, Treasury auctions, and market‑intelligence services.
The designation confirms that MUSA meets the Fed’s stringent criteria for a substantial market‑making presence and a robust back‑office settlement infrastructure. It expands MUFG’s footprint in the U.S. Treasury market, positioning the bank to provide liquidity and potentially increase fee income from market‑making activities.
Mike Yarian, Head of Global Markets Sales and Trading, said the status underscores MUFG’s financial strength, global reach, and long‑term commitment to the U.S. market. He added that the bank is proud to support the stability and liquidity of the Treasury market and honored to have been approved by the New York Fed for this role.
The move signals the New York Fed’s confidence in MUFG’s infrastructure and market‑making capabilities, reinforcing its status as a major global financial institution. It also enhances MUFG’s systemic importance and may improve its cost of funding and client access to Treasury securities.
The designation is part of a broader trend of expanding primary dealer lists, with 26 dealers approved by the New York Fed. MUFG’s addition follows SMBC Nikko Securities America’s 2025 approval and positions the bank to play a larger role in monetary policy implementation and Treasury market operations.
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