The document discusses the impact of the Financial Transaction Tax (FTT) on the FX industry, highlighting the cascade effect on transaction costs. It explains how the FTT could lead to wider pricing for clients due to discouraged intermediation and multiple legs in FX transactions. The document includes a diagram illustrating the cost implications for financial and non-financial institutions under different scenarios.
doj/DataSet10/EFTA01449213.pdf
{"title":"Exchange Rate Perspectives: FX and the Financial Transaction Tax","key_people":["Deutsche Bank Securities Inc."],"document_date":"2013-07-30","document_type":"tabular","document_subtype":"financial analysis","key_organizations":["Deutsche Bank Securities Inc."],"reference_numbers":["DB-SDNY-0104522","SDNY_GM_00250706","EFTA01449213"]}