UniCredit eyes growth in institutional FX without e-commerce focus
Italian bank UniCredit breathed new life into its foreign exchange business earlier this year with the appointment of Francois Boisson, formerly of BNP Paribas, as global head of institutional FX sales. But while the bank has placed a clear focus on expanding its FX footprint from corporates to the institutional buy side, significant new investment in electronic commerce is not part of its strategy.
UniCredit's existing FX platform, UCTrader, is already used by some institutional clients, but
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