Peter Harwood Director - 
Foreign Exchange at Principal Search Ltd
Peter Harwood Director - Foreign Exchange at Principal Search Ltd

Global FX Recruitment: How is e-Commerce shaping the future?

Peter Harwood examines how e-business is affecting the pattern of Global FX recruitment.

First Published: e-Forex Magazine 18 / News / April, 2005

Over the past three years, the role of the e-commerce specialist has evolved significantly within the global Foreign Exchange market. All mainstream and most niche houses that compete in this sector have embraced new technology and now offer clients a range of services distributed through a network of e-commerce channels. In order to examine how e-business is affecting the pattern of Global FX recruitment, we need to identify what major factors have influenced recruitment policy in recent history and subsequently analyse any new trends that can be observed.Looking back to the late nineties, the single biggest shift in focus for most banks operating in Global FX was the general reduction of FX risk taking and conversely the development of FX distribution activities. This desire to transact more customer oriented FX business can partly be attributed to a climate of more stringent risk management and compliance control. The main reason however, is that this change occurred at a time when revenue growth from...continued

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