FX relationships are hard won, but the prizes for doing so have increased, according to a study of the institutional and corporate foreign exchange market by research and consultancy firm ClientKnowledge. The 390 European corporations – trading a total of some $300 billion per month – that took part in the study commented that the numbers of FX providers they use had decreased from 7.4 in 2001 to 6.7 in 2002. The survey also reported a 25% increase in the FX volumes European corporations transacted in 2002 compared with 2001. With corporations concentrating their FX transactions on a decreasing number of providers, the report warned that failure to be part of this group will be costly. ‘But there are substantial rewards for those providers that succeed in winning a key FX place,’ ClientKnowledge observed. The study involved interviews with 1559 corporate and institutional transactors of FX, globally.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.