FX prime brokers adjust pricing
NEW YORK - The financial crisis has forced foreign exchange prime brokers (FXPB) to raise charges as they risk-adjust the business line, delegates learned at FX Week USA in New York last Tuesday (July 7).
Ryan Connolly, director of FX prime services at UBS, said pricing models had to be renegotiated to better reflect the market. "We're seeing more tiered pricing and not just a flat fee across all currency pairs. The pricing for Icelandic krona, for example, is going to be a lot different from a
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