Sydney Market Signified By Fewer Banks Taking Larger Share Of Pie

BANKS

The foreign exchange market in Sydney continues to maintain its place on the world stage, although dealers there agree that fewer players have a bigger share of a smaller pie. But views are mixed on the centre's future, with some arguing that European Monetary Union and a renewed interest by investors will bolster the market, while others believe the current rationalization will continue as banks adjust to the sea change that has, in large part, been facilitated by the electronic broking

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