FX Week

International banks go Dutch

FRONT PAGE NEWS

AMSTERDAM -- International banks are moving in on Dutch pension funds in a bid to find new niches in the consolidating FX markets, senior dealers told FX Week.

The Dutch pension fund industry is one of the biggest in Europe, with players such as government and education authorities fund ABP, Europe’s largest pension fund with more than $130 billion in assets, and BTCM, a pension fund for Dutch manufacturers.

But as the Dutch sell-side consolidates, international players have spotted a niche t

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