Demand For Currency Research Heats Up As Banks Seek To Improve Services

BANKS

LONDON--Currency research is fast becoming one of the hottest new areas among the major trading banks, which are setting up dedicated units to enhance their ability to service customers, according to market participants.

The consolidation that has taken place in the forex market in recent years has led banks to reassess their business strategies.

Most have concentrated trading in a handful of key centres, while others have shifted into niche areas of strength. Yet others have turned to value-

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