Banks struggle to build FX as liquidity slows
A sharp fall in liquidity this year has taken its toll on the foreign exchange market. Many platforms have reported significantly depleted volumes, but the illiquidity is also affecting banks, with many large FX players restructuring their businesses, and banks that have recently sought to grow their FX capabilities are struggling to maintain the momentum.
"Many banks have beefed-up their FX offering in recent years. From a cost-to-income point of view, it is very attractive, but if you are
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