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When the foreign exchange benchmarks are set, they are based on actual dealing prices on which trades are submitted.
However, for the big institutions, it is much harder to judge the market impact of their dealing: prices may move sharply against them when they try to buy or sell in bulk.
Similar(58)
And the way they deal price-point with the carriers is amazing, as well.
Last May Russian investment firm agreed to buy stock from Facebook employees; deal priced company at $10 billion.
Mr Watson's explanation also points to the underlying motivation for this week's deal: share prices.
With home ownership looking a better deal, prices should stabilise.
A TPG spokesman denied the allegations in the lawsuit and said that it never colluded to suppress deal prices.
But with deal prices and leverage rising, now might not be the best time for them to enter the fray.
The Item Club said that if the UK leaves with a deal, prices could rise 2% over 2019.
Worries medtech deal prices are inflating.
All deal prices are correct at the time of publication.
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CEO of Professional Science Editing for Scientists @ prosciediting.com