Banks struggle to build FX as liquidity slows
Falling levels of forex activity, particularly among institutional clients, have made it difficult for banks – particularly the newer entrants – to beef up their forex businesses,
A sharp fall in liquidity this year has taken its toll on the foreign exchange market. Many platforms have reported significantly depleted volumes, but the illiquidity is also affecting banks, with many large forex players restructuring their businesses, and banks that have recently sought to grow their forex capabilities are struggling to maintain the momentum.
"Many banks have beefed-up their forex offering in recent years. From a cost-to-income point of view, it is very attractive, but if you
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