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Front (l–r): Fabian Shey (UBS), Zar Amrolia (Deutsche) and Ivan Ritossa (Barclays). Back (l–r): Martin Wiedmann (Credit Suisse) and Anil Prasad (Citi) |
THE MOVE TOWARDS foreign exchange markets becoming fully electronic is set to accelerate as global banks strive to create huge liquidity pools to boost revenue growth. It is a popular strategy in an asset class that offers banks, in capital terms at least, the biggest bang for their buck, but in the short term the ensuing price war could stunt future earnings.