TITLE

Big Banks Have a Yen to Offer Retail, Web-based Forex

AUTHOR(S)
Adams, John
PUB. DATE
February 2008
SOURCE
Bank Technology News;Feb2008, Vol. 21 Issue 2, p30
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the collaboration between Saxo Bank and Citigroup to launch CitiFXPro, a Web-based foreign exchange platform, in the U.S. They joined forces to offer access to foreign exchange (FX) trading capabilities with more than 150 currency crosses worldwide. According to Sanjay Madgavkar, global head of FX margin trading at Citi, the FX market is very attractive for active traders the company hope to leverage its global presence in the institutional FX market through the platform.
ACCESSION #
30036532

 

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