The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:BlackRock and Fido Clients Feel Forex Pricing Pain Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, February 10, 2011

BlackRock and Fido Clients Feel Forex Pricing Pain

News summary by MFWire's editors

Fundsters interested in the foreign exchange market may want to take a look at today's issue of the Wall Street Journal. Carrick Mollenkamp, Lingling Wei and Gregory Zuckerman report that, according to insiders, custodians like Bank of New York and State Street have mis-priced currency trades for clients of BlackRock [see profile] and Fidelity's institutional Pyramis unit [see profile].

BNY described its forex trading as "efficient and cost-effective," while State Street said it discloses its "pricing methodology."

"We are committed to providing clients with the best value," BNY told the WSJ.

The article also highlights several forex pricing suits that include attorneys general on the plaintiff side. 

Edited by: Neil Anderson, Managing Editor

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use