Top 10 stories of 2019: a retrospective
FXPB pricing disputes, debate over last look and court cases were keenly followed stories
The best-read story in the pages of FX Week over the past year centred on news that Citi had given electronic market-makers in currencies three months’ notice to find new prime brokers.
Pitched as part of a review of risk in its foreign exchange prime brokerage (FXPB), the bank believed the service was priced too low and that incoming, albeit delayed rules on derivatives margining would drive up costs for primes. Citi, with an estimated 40% share of the FXPB market, said the increased burden
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