Currency Derivatives House of the Year - Deutsche Bank
Any timeline of 2008 can be neatly split into two phases: pre- and post-Lehman. Before the failed broker-dealer filed for Chapter 11 bankruptcy protection on September 15, the foreign exchange market had held up relatively well to the stresses and strains of the crisis that had swept through the credit market. Investors were still showing interest in the variety of foreign exchange indexes touted by banks, despite the poor performance of the carry trade, while corporate treasuries were keen to
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