Deutsche joins Goldman in change of FX terms
German bank offers to share price-move gains with clients
Deutsche Bank has joined Goldman Sachs in offering to share the benefit it enjoys if market prices move in its favour on a pending foreign exchange trade – a policy that sets the two banks apart from many of their peers.
The German bank’s new approach was revealed when it updated its forex dealing terms on March 1. It is the latest example of evolving practices among forex dealers, following the publication last May of the market’s new global code of conduct – itself a response to a string of
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