Editor’s comment
REVIEW/PREVIEW
2001 was a mixed bag for the foreign exchange industry. Data from the Bank of International Settlements’ triennual survey proved what everyone already knew. The market has shrunk – for the first time in its history – as a result of consolidation among tradable currencies, and among those who trade them.
But looking closely at the trends throughout the year, there was some good news – largely for the biggest banks. FX Week’s annual ranking of banks by FX earnings proved that those at
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