Currency traders from Deutsche Bank AG (DBK) to HSBC Holdings Plc - TopicsExpress



          

Currency traders from Deutsche Bank AG (DBK) to HSBC Holdings Plc (HSBA), after enjoying a boom just a few months ago amid speculation the Federal Reserve was preparing to pare record stimulus, are again seeing their profits squeezed. Daily trading on ICAP Plc’s EBS electronic platform tumbled to an average $77 billion in October, the least since before January 2006, according to the London-based broker. Deutsche Bank, the biggest currency trader, said Oct. 29 that a “flat” market was “negatively affecting FX revenues,” while HSBC said this week that revenue from foreign-exchange tumbled 10 percent in the third quarter from a year earlier.
Posted on: Tue, 12 Nov 2013 11:18:12 +0000

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