General Electric Set ToStep Up Forex Trading Through Citibank
NEWS
NEW YORK--General Electric is to increase the amount of foreign exchange trading it transacts through Citibank’s electronic FX platform.
The US conglomerate says it plans to trade $20 billion a year through the CitiFX range of e-FX products -- about $6 billion of which represents new business for Citibank. The $20 billion will be made up of the company’s small to mid-sized FX trades, each of up to $30 million in size.
Like many corporations, General Electric will continue to trade larger and more
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