The back office, as Euromoney wrote in 2006, has not only become a business differentiator, but has also possibly become a barrier to entry (see Centrally cleared FX: More players for FXMarketSpace, Euromoney, November 2006).
According to consultancy company McLagan (Z/Yen), the internal costs of processing an FX trade, which include operations and IT charges, ranged between $1.50 and $9.25 for tier-1 and 2 banks at the end of 2006. Those figures, which exclude other charges such as brokerage and settlement fees, will have since come down because the cost of maintaining a back office is largely fixed. This means that a greater number...
You must be a subscriber to access this archived content.
If your subscription includes access to the archive, please log in now to view.
To gain access to this content visit the subscription page or call our hotline on +44 (0)207 779 8999.
Subscribe online now and save up to 30% on your subscription.
If you are a trialist or subscriber, please enter your username and password at the top right-hand side of euromoney.com
Subscribers to Euromoney benefit from:
- 12 months access in print and online - on euromoney.com, read the latest issue early online, search for specific developments by region or sector, interrogate the results of Euromoney's benchmark polls, and view the archive dating back to 1996
- More than 30 specialist research guides free
- The results of Euromoney’s polls and surveys
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Click here to subscribe