By focusing exclusively on its client's interests, Pictet & Cie has made transparency its guiding principle. The Bank executes all trades on its clients' behalf directly on open markets and therefore ensures they enjoy competitive prices. Pictet & Cie has decided to keep transaction costs transparent and to dissociate itself from the market making system, where the spread between the buy and sell prices can be used to mask a bank's commission charges. Our clients therefore know the exact price or rate obtained via the correspondent, as well as knowing how much the transaction cost them. In order to ensure that its client's long-term interests are as closely aligned as possible with those of the Bank, Pictet & Cie intends to continue doing business independently, in the best private banking tradition.
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