Citi gains velocity in Asia-Pacific
HONG KONG - Daily trading volumes on CitiFX Velocity have reached $2 billion in the Asia-Pacific region within the first two months of activity, the bank told FX Week.
The new FX electronic commerce platform was launched in early March and rolled out in Asia-Pacific a fortnight later (FX Week, March 9 and 30). It has already attracted nearly 200 clients in the region, mainly banks and real-money clients. Citi declined to provide names, but a spokesperson said most are new clients and have not
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