FIVE YEARS AGO IN FX WEEK

- By FX Markets Staff
- @FXMarkets_
- 14 Oct 1996

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FX Week, October 11, 1991
Points System Remains Necessary in London

"Yes, it is subject to abuse, yes it helps liquidity and no, we will probably never get rid of it." So says ACI secretary David Clark, treasury and capital markets director at Midland Montagu about the brokers' points system in a week when allegations have surface about abuses of the points system in the Swiss franc market.

Citibank to Move NY FX Trading Desk

Citibank is planning to move its global trading operation, including FX

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