Jefferies embarks on ambitious expansion in FX
Although many large banks have been forced to cut staff in their foreign exchange businesses amid a general downturn in the market, smaller firms such as Jefferies still see FX as a prime area for expansion, and the US investment bank has aggressively expanded its personnel since its merger with Prudential Bache in July 2011.
"We potentially have the perfect storm, with an FX market that is about to get interesting again. And the competitive landscape is favourable – the big banks are now too
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