BDO Consulting Survey On Trading Costs Shows Little Economy Of Scale In Treasury
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BDO Binder Hamlyn's BDO Consulting group has published an update of its 1991 survey on bank trading transaction costs showing that banks haven't saved as much money as they had hoped to with their enormous automation investments in treasury and capital markets. The survey shows that actual bank cost structures often run counter to the conventional wisdom about economies of scale in treasury, according to BDO director Michael Mainelli.
Most participants in the foreign exchange industry might
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