financial services

Financial Services Market Research

Financial services deal with the management of money. Any company involved in the management money are banks, credit unions, credit card companies, insurance suppliers, consumer finance, brokerage, and investment funds.

Foreign Exchange Services

Foreign exchange services are provided by many banks and specialist foreign exchange brokers around the world. Foreign exchange services include:

  • Currency exchange - where clients can purchase and sell foreign currency banknotes.
  • Wire transfer - where clients can send funds to international banks abroad.
  • Remittance - where clients that are migrant workers send money back to their home country.

London handled 36.7% of global currency transactions in 2017 – an average daily turnover of US$1.85 trillion – with more US dollars traded in London than New York, and more Euros traded than in every other city in Europe combined.

Investment Services

  • Investment management - the term usually given to describe companies which run collective investment funds. Also refers to services provided by others, generally registered with the Securities and Exchange Commission as Registered Investment Advisors. Investment banking financial services focus on creating capital through client investments.
  • Hedge fund management - Hedge funds often employ the services of "prime brokerage" divisions at major investment banks to execute their trades.
  • Custody services - the safe-keeping and processing of the world's securities trades and servicing the associated portfolios. Assets under custody in the world are approximately US$100 trillion.

New York City is the largest center of investment services, followed by London.

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