18.09.2014 - Biggest banks to overhaul currency trading
The world's biggest banks are overhauling how they trade currencies to regain the trust of customers and pre-empt regulators’ efforts to force changes on an industry tarnished by allegations of manipulation. Barclays, Deutsche Bank, Goldman Sachs, Royal Bank of Scotland (RBS) and UBS, which together account for 43 percent of foreign exchange trading by banks, are introducing measures to make it harder for dealers to profit from confidential customer information and take advantage of clients in the largely unregulated $5.3 trillion (R58.4 trillion)-a-day currency market, according to people with knowledge of the changes...........................................Full Article: Source
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