A happy FinTech story, where the real economy now experiences less deadweight loss during routine transactions: http://www.bloomberg.com/news/articles/2016-02-08/a-dying-breed-currency-traders-are-left-out-of-new-wall-street …
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@patio11 Aren’t retail currency costs little to do with the market spread. More insurance, regulatory (staff), volatility risk etc. -
@jl_hfl I think it's that plus a huge "because we can" factor -- your home bank knows they're overwhelmingly likely to get biz at any quote - 1 more reply
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