UBS, Deutsche and Citi dominate FX derivatives
BEST BANKS SURVEY 2001 -- DERIVATIVES
UBS Warburg swept the board with the top awards in FX forwards and currency options, in a section that is becoming increasingly dominated by the top three banks.
Foreign exchange derivatives are experiencing a resurgence, following a slack period after the introduction of the euro in 1999, which reduced clients’ need for hedging. But the latest Bank for International Settlements survey of the forex markets revealed that although spot FX trading volume fell 32% in April 2001 to $387 billion a day
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