Credit remains the biggest headache in FX
FXPB adjustment pressures clients as service providers tackle rising costs
Access to credit and prime brokerage (PB) services remains the most pressing issue for foreign exchange market participants, whose choice of provider continues to diminish, leading to rising prices, which in turn pressures margins to unsustainable levels in some cases, senior industry figures commented at a closed-door roundtable.
Discussing distortions in the London marketplace under Chatham House rules, panellists argued the ongoing realignment in the FXPB space since January 2015's Swiss
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