Big banks prepare for retail FX push
ASIAN CONFERENCE
Deutsche Bank's decision to launch an online margin FX trading system in March signalled that the time is right for the big FX players to enter the market, Maccaba told attendees at FX Week Asia last week in Singapore.
He estimated that revenues from online margin trading will reach more than $5 billion per year by 2010, with potential profit margins to providers of 40%. "Banks can't afford not to be in the market," he said. "It's a huge profit opportunity, and is virtually risk-free… because it
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