The Bank of New York Takes Top Ranking in Global FX Survey
NEW YORK, NY, March 29, 2007 -- The Bank of New York, a global leader in treasury management services, has taken top honors in Global Investor's 2007 Foreign Exchange Survey by winning a total of 17 number one rankings in both weighted and unweighted categories.
The Bank ranked number one for Best FX Service Overall in the weighted ranking. The rankings are based on Global Investor's largest ever FX survey, consisting of 705 investment managers polled globally on foreign exchange performance and related services.
Jorge Rodriguez, managing director and head of global foreign exchange sales for The Bank of New York's Global Markets Division, said, "Our top ranking in this important global survey highlights the success we have had listening to and servicing our clients. As a result of their input, we have broadened our reach into key strategic markets, and have continued to build-out our leading-edge decision support tools, while making strategic investments in our FX technology."
The Bank of New York won seven of ten top rankings in the “Real Money” weighted and unweighted categories, including #1 Best FX Service for all respondents, for North American respondents and for European respondents, and #1 for Most Improved Service over the Last 12 Months in the unweighted category.
Other top ratings won by The Bank of New York in the weighted rankings include the #1 rankings in Best Trading in Developed Markets Currencies, Best Trading in Asia Pacific Currencies, Best Advice on Option Trading and Best Trading in Emerging Markets Currencies.
In the Research weighted category, The Bank of New York won #1 ratings in several areas, including Best Research in Developed Market Currencies, Best Technical Analysis Research, Best for Quantitative Analysis, Best Daily Research and Best FX Strategy Solutions.
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 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 |
