Bankers at the top foreign exchange banks may pretend not to care that they have not come top in Euromoney’s 2003 market share rankings, or that they are not one of the top five or 10. But they do care – a lot.
A high ranking not only brings prestige. It also helps to attract or maintain clients, especially hedge funds. And it helps to attract the best staff.
Banks often develop their own strong expectations for where they think they will rank.
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