Andy Webb
Andy Webb

Regional e-FX perspective - France

In the first of our new regional perspective features, Andy Webb reports on e-FX in France.

First Published: e-Forex Magazine 21 / Regional eFX Perspective / October, 2005

In the first of our new regional perpectives, Andy Webb reports on eFX in France.Octavio Marenzi“If you look at the list of the largest asset managers in France, you’ll find that something like six out of the top seven are banks”While financial markets have been among the first to feel the effects of globalisation, some local nuances remain. In the case of France even FX - the most global market of them all - has retained a local flavour. For any commentator accustomed to FX markets in the US or UK, France represents something of a conundrum. While the domestic sellside includes some of the world’s most active FX banks, the concept of the “buyside” as it exists elsewhere is, if not entirely absent, at least unfamiliar.Perhaps the most obvious sign of this is the ownership of the non-bank financial in-stitution (FI) buyside.“If you look at the list of the largest asset managers in France, you’ll find that some-thing like six out of the top seven are...continued

Exclusive Content

The full article is only available to current subscribers. Click here to sign in or subscribe by clicking here