Common FX solution needed for mid-tier banks, says SG’s Estrada
e-FX Forum: Fee compression and costly tech spending should encourage dealer collaboration, he says
Regional and mid-tier tier banks should combine their unique offerings and lead the next round of innovation in foreign exchange, says Societe Generale’s new global head of FX, John Estrada.
Smaller institutions face similar challenges competing with the top banks’ resources and technology spending at a time of continued spread compression, Estrada said in a fireside chat at FX Markets’ e-FX Forum event on July 10, so they should pool their efforts and relieve some of those pressures through a
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