Hiring frenzy

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The first half of 2011 has been as transient as ever in the foreign exchange market, with a large number of eye-catching people moves at the highest levels of the business. Although the busiest hiring spree, following bonus season, might have passed, plenty more movement is expected in the months ahead as banks look to increase their FX headcount to pre-crisis levels and smaller banks seek to grow their businesses.

"We are starting to see new platforms being developed from smaller banks that

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