CRT Capital shuts FX agency desk
New York-based intermediary closes doors after 18 months
CRT Capital has closed its foreign exchange agency desk after just 18 months in business, the firm's head of FX has confirmed to FX Week.
Klaus Said, who headed up the FX team in New York until June, says issues surrounding foreign exchange prime broker (FXPB) agreements, concerning rules on external business conduct, led many FXPBs to stop offering services to agency desks. And those who did continue to offer them faced further questions from the Commodity Futures Trading Commission (CFTC) on
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