Third-party analysis firms confront shrinking market
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NEW YORK -- Third-party FX analysis firms are under pressure, as the effects of five years of consolidation, cutbacks in jobs and cost cuts among the banking client base continue to bite.
Firms such as the newly-created MMS Group, MCM, Ideaglobal, FX Analytics and 4Cast are now competing with each other for shrinking amounts of new business.
"Big mergers such as JP Morgan and Chase took a lot of positions out of the market," said one official at a third-party provider in the US. "This has put
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