Corporate Dealers In Demand As Market Turns To Customers
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Demand for corporate dealers is on the rise in the New York foreign exchange market, as bank after bank turns to customer-driven business to combat ailing proprietary operations, market sources say.
"The price has gone up on the Street for corporate dealers, which implies people are looking for more customer business," says one senior dealer. "However, these trends become apparent at the end of a cycle. So I think we're closer to the top than to the bottom of this trend."
Foreign exchange traders
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