London swings for Canadian dollar but not Swiss franc

BMo's success is due to the fact it has established a foothold in the London market, explained Jamie Thorsen, Chicago-based global head of foreign exchange at BMo Capital Markets.

"I joke that I would rather be lucky than smart, but we were very lucky in coming into the London market when there was heightened interest in the Canadian dollar and our competitors were restrained due to the global crisis," she noted.

The bank opened an FX sales and trading desk in London in October 2007, with three

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