Benchmark charge does not solve the problem - FX Week Europe
Patrick Fleur and Stephen Grady take issue with charges
Slapping a charge on orders for clients looking to execute at a benchmark rate will not be enough to rectify the issues that have thrown the foreign exchange industry into turmoil this year, according to buy-side participants speaking at FX Week Europe.
Talking on a panel at the annual conference in London, representatives from PGGM Investments and Legal & General Asset Management (L&GAM) debated the trend whereby many banks are, or are likely to, charge for executing orders at the WM/Reuters
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