Multibank platforms ‘to consolidate’
Of the five significant players in the market now, only two are likely to be around in 12 to 18 months, said Tom Roche, global head of e-commerce and agency treasury services at RBS in London. "One certainty is that multibank portals will fight among themselves and there will be losers in that process. If the FX market fails to maintain the momentum seen in recent years we will see consolidation, with the real possibility that the number of players could be as low as two within 18 months." He
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