Prime-broking changes may halt global FX volumes growth -Saxo

April 21, 2015 5:10 PM

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LONDON, April 21 (Reuters) - Major banks' growing reluctance to do business with smaller hedge funds will stifle growth in the foreign exchange market, the head of prime broking at Denmark's Saxo Bank said.

Global daily trading volumes have grown by $2 trillion since 2007, helped by prime brokers which provide funds with leveraged credit and a conduit to interbank markets.

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