Forex bods at investment banks are ready; forex investors have braced themselves. It’s that time of year when sales people ring up their clients to ask them to vote in the Euromoney FX poll — the only industry standard for measuring how much forex volume the banks do and who comes out on top. Everyone who’s anyone is taking part.
Well, until now. JPMorgan has decided that it is no longer playing ball, because its clients are fed up with being asked to vote, the bank says. Here is the letter the bank just sent out today to all its clients, explaining its terrible sacrifice… Read more