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Euromoney comments:
No sector has become more competitive than real money – trading FX for the biggest fund managers such as Blackrock, Fidelity and GSAM. These are clients who can choose to trade with any foreign exchange counterparty, and often do so in large size.
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FX survey: Real money |
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It’s also a market in which sales has traditionally played its most important role, with client dealers offering rewards to banks through trades for the salespeople who give them the best market information – although the ability to give non-privileged information to clients has been challenged by investigations into the FX industry. |
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