Bulge Bracket Banks Continue To Dominate FX, But….
The bulge bracket banks are losing ground in foreign exchange market share, with causation for the rare phenomena being a decision made by the banks, not the customers. Nonetheless, the top FX dealers in a 2016 Greenwich Associates study continued to reflect the world’s dominant financial intermediaries – JPMorgan, Citi, UBS and Deutsche Bank finishing in fourth place. Tied for fifth were Bank of America Merrill Lynch, Barclays . . .
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