MUFG Securities Americas, Inc. (MUSA) has been designated a primary dealer by the Federal Reserve Bank of New York, according to an announcement from its parent group Mitsubishi UFJ Financial Group (MUFG). The designation makes MUSA a trading counterparty to the New York Fed in its open market operations.
As a Primary Dealer, MUSA will participate in US Treasury securities auctions and in the Fed’s market operations. The firm will also provide market intelligence and analysis to the New York Fed’s Open Market Trading Desk.
Operational and settlement requirements
MUFG says the designation process required MUSA to show that it has a substantial presence as a market maker. It also had to demonstrate that its back office can support the settlement volumes expected by the New York Fed.
The announcement was made by MUFG, which describes itself as one of the 10 largest global financial groups, citing S&P Global Market Intelligence data from April 2025.
