Deutsche scales back on FXMS
LONDON & CHICAGO – Deutsche Bank has reduced its trading volumes on FXMarketSpace, the Reuters and Chicago Mercantile Exchange joint-venture platform. The decision lies behind a sharp fall in the volumes traded on FXMarketSpace in June, informed sources tell FX Week.
Trading volumes on the platform declined from a daily high of $2.3 billion on June 7, to around $50 million later in the month.
Deutsche Bank declines to explain its decision, but traders at other firms are linking it to Deutsche's
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