The Bank of New York Takes Top Foreign Exchange Awards
NEW YORK, November 28, 2006 -- The Bank of New York, a global leader in treasury management services, has been named "Best Foreign Exchange Research" provider worldwide for the third consecutive year by Global Finance in the magazine's annual ranking of the world's best foregn exchange banks. The Bank of New York also received an Honorable Mention award for "Best Foreign Exchange Bank in the U.S."
The publication selected the best currency trading providers and online foreign exchange systems with input from industry analysts, corporate executives and technology experts. Criteria for choosing winners included transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies.
Jorge Rodriguez, managing director and global head of FX sales at The Bank of New York, said, "This has been an extremely productive year for advancing our clients' objectives. We launched our enhanced Global Markets website and iPFM tool, which help clients understand and assess the impact of cross-border capital flows in the foreign exchange markets and provide daily podcasts, in-depth FX research and analysis. We are gratified by the most recent rankings and look forward to 2007 as we develop other e-commerce products and innovative solutions to help our clients succeed."
The Bank of New York’s Global Markets Division encompasses the Bank’s foreign exchange, interest-rate and equity risk management businesses, including global trading, currency overlay and sales activities. The Bank is a premier foreign exchange provider, trading in over 100 currency markets around the world. Additional information is available at http://gm.bankofny.com/.
The Bank of New York Company, Inc. (NYSE: BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, asset management, and private banking. The Company’s extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at www.bankofny.com.
| « Back to Press Releases | « Previous Next » |
