The trick is to keep breathing

Business continues as the worst of the regulatory scandal passes

Eva Szalay, FX Week

There have been plenty of changes this year in the foreign exchange industry, with cards reshuffling in prime brokerage following January's Swiss National Bank (SNB) move and deteriorating liquidity conditions, but one theme that stands out is the shift away from chasing volumes for volumes' sake to focus on profitability and core customers.

This signals a significant change of strategy from the industry's largest banks and heralds the end of nearly a decade of putting market share above all

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