European banks will have to diversify into the retail FX sector to generate volume, says Leverate’s Nicc Lewis - Finance

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Jose_Ricaurte_Jaen
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European banks will have to diversify into the retail FX sector to generate volume, says Leverate’s Nicc Lewis - Finance

Postby Jose_Ricaurte_Jaen » Wed Mar 02, 2016 4:23 pm

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February 18, 2016
by Andrew Saks-McLeod - Finance Feeds
"Running a business expecting to make it strong while moving staff or structuring things on the go are not exactly the best way to build a real business. This is where #FX brokers keep missing the big picture. It is time to develop real relationships with your clients." Jose Ricaurte Jaen

Opinions on this subject are varied and as the major banks of Canary Wharf and the Square Mile rally to attempt to sustain their operations through 2016 by means of staff reductions, pay freezes and corporate restructuring, the FX business is once again faced with another period of fast adaptation.

Today, FinanceFeeds spoke to Nicc Lewis, VP Marketing at Leverate, who provided his perspective from within one of the world’s largest brokerage solutions vendors.

“The issues European banks are suffering is just the tip of the iceberg of many problems surfacing in Europe and globally” said Mr. Lewis.

“We are all getting smarter with 24/7 access to information and the ability to make better educated decisions. This also promotes volatility as the effect magnifies trends and people jump on the bandwagon as a result of their research. The effect also diversifies suppliers as consumers or customers are willing to move away from traditional suppliers in search of better value for money” – Nicc Lewis, VP Marketing, Leverate.

More here:
http://financefeeds.com/european-banks- ... icc-lewis/

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