FX prime brokerage boom
PEOPLE NEWS
LONDON -- The return of funds to trading forex has prompted a boom in the provision of prime brokerage services, banking officials have told FX Week.
Banks such as Bank of America are hiring more staff to cope with the increased demand (FX Week, January 14) while others, such as UBS Warburg, are building online prime brokerage systems.
The new multi-bank FX portals, such as Atriax, FXall and Currenex, are also getting in on the act, and have created modules on their platforms to automate the
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