More gloom ahead for FX dealers in next two years
Tabb Group report predicts ongoing struggles in FX
Foreign exchange revenue and front-office headcount at banks will continue to decrease over the remainder of this year and into 2015 as resources are reallocated to deal with the increasing demands of new technology, according to a report by financial markets research and strategic advisory firm Tabb Group.
The headcount of major dealers has been steadily falling, particularly over the last year as banks have been caught up in investigations regarding alleged manipulation of the WM/Reuters
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