Regional banks capitalise on local edge
Smaller banks up their share of market-making in local currencies
Regional banks are increasingly competitive at market-making in their local currencies, as the availability of technology allows them to translate local expertise and flows into price-making to customers and some large bank peers.
Currencies such as the Turkish lira, the South African rand and the Israeli shekel are seeing a growing share of trading done by banks with local franchises, as the ready availability of price engines and distribution hubs allow these banks to become price-makers
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