FX market round-up: Deutsche cuts spreads?
There has been no let-up in the spread war, highlighted in last month’s issue. Deutsche Bank has tightened up its spot FX prices even further to selected customers in response to Barclays’ introduction of precision pricing. Sources say that the bank is currently evaluating the impact, before deciding whether to roll it out further. A bank official says: “Deutsche Bank has recently introduced laddered and dynamic pricing to clients. This allows us to price liquidity to our clients more accurately.”