CitiFX Pro banks on Asia
Speaking at the Hong Kong launch last Tuesday (September 9), Alex Knight, Citi's director of FX margin trading, said although no clients have yet been signed in the region, he expects Asia to account for at least 50% of CitiFX Pro's global turnover by the end of 2009.
The platform went live in Hong Kong in the first week of September and is hoped to go live in Singapore and Tokyo by the end of the year and early 2009, respectively, said Knight. Citi is awaiting regulatory approval to roll out in
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