Money is Said Culprit Behind Mass Exodus Of Foreign Exchange Desks


The relatively recent phenomenon, whereby some of the foreign exchange industry's prominent foreign exchange desks have decamped to rival organisations, is being driven by, what else? MONEY.

Industry sources, from global foreign exchange chiefs to head hunters, say the massive desk moves seen so far this year are occurring because, as one head hunter in New York puts it, FX desks are doing "so poorly that nobody's going to be making any money on their bonuses this year."

Hardest hit has been the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: