The latest numbers make a strong case that NationsBank Corp. should be counted among the top players in derivatives trading, a business traditionally dominated by the money-center banks.

Thanks to a second-quarter jump of 47.1% in the notional amount of derivatives contracts outstanding, the aggressive Charlotte, N.C., company moved past First Chicago Corp. into seventh place among derivatives traders, according to data released last week by the Comptroller of the Currency.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.