Citi proves trading mettle in tough year for spot
During a nail-biting seven minutes after the end of the New York trading session on March 17, the spot rate in USD/JPY fell from around 79.25 to just 76.25 at 21:20 GMT – a fall of three big figures at a usually quiet time of the day. It is a moment that stands out in the minds of most foreign exchange traders as one of the biggest risk events of 2011.
Jeff Feig, global head of G-10 FX at Citi in New York, believes the bank's management of that dramatic move is an indicator of the trading
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