Banks buy not build for FX

They highlighted two key drivers of an increase in the deployment of outsourced solutions: the economic downturn and the increased costs of potentially failing in-house systems.

"We're seeing a lot of activity, particularly in Europe," said David Aaron, director of sales and marketing at Derivatech in New York. "FX seems to be an area that, despite the continual downturn in banking, continues to be a revenue producer."

Deutsche Bank is one bank that has recently done a substantial amount of o

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