JP Morgan replaces AIG on Currenex

- By FX Markets Staff
- @FXMarkets_
- 22 Sep 2008

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Concerns over the future of AIG, one of the world's largest insurance companies, prompted banks to stop trading with the company at the start of this week in a bid to limit exposures, following the collapse of Lehman Brothers on Sunday, September 14.

"We are going to go live tonight with a sub-set of clients to make sure JP Morgan is comfortable with the flow and then ramp that up," said a senior Currenex official.

The official added the company has been looking to enhance credit on Currenex for

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