Mitsubishi UFJ Financial Group has reached a major milestone in its U.S. operations. The global financial powerhouse announced that its registered broker-dealer, MUFG Securities Americas, has been officially designated as a Primary Dealer by the Federal Reserve Bank of New York.
Financial Technology Insights: Thredd Partners With Paywith for Card Programs in Australia
With this designation, MUSA will now serve as a key trading counterparty to the New York Fed. The role includes participating in open market operations, supporting U.S. Treasury securities at government auctions, and sharing market intelligence and analysis with the Fed’s Open Market Trading Desk. These responsibilities place MUFG among a select group of financial institutions that help maintain the stability and liquidity of the U.S. Treasury market.
Financial Technology Insights: Meld Raises $7 Million to Fuel Global Network Expansion
Commenting on the announcement, Mike Yarian, Head of Global Markets Sales and Trading (ex-Japan), highlighted the significance of the achievement. He noted that the Primary Dealer designation reflects MUFG’s strong financial foundation, global scale, and long-standing commitment to the U.S. market—where the group has been investing for more than 140 years. Yarian also emphasized MUFG’s pride in supporting the efficient functioning of one of the world’s most important financial markets.
Financial Technology Insights: Winston Pierce Expands to Canada With AI Trading
Earning Primary Dealer status is no small feat. To qualify, MUFG was required to demonstrate a substantial and consistent presence as a market maker, along with robust operational and back-office capabilities capable of handling the high settlement volumes expected by the New York Fed. Meeting these rigorous standards underscores MUFG’s operational strength and readiness to play a critical role in the U.S. financial system.
To share your insights with the FinTech Newsroom, please write to us at info@intentamplify.com