London Brokers, Dealers Stick With Points System Despite Bank Of England's Attempt To Police It
BROKERS
Although the Bank of England has taken steps to police it, and many believe it is open to abuses, brokers and dealers in London still openly embrace the points system, and all seem to recognize that the points system is useful in making the interbank brokerage system work smoothly.
"I don't think the points system bothers dealers at all. The only one it bothers is brokers when they have to borrow points. They get shafted when they're wrong and they can't win when they're right," says David Deakin
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