Clarification: Canadian banks’ FX revenues
NEWS
In FX Week’s annual ranking of FX trading revenues published in the July 23 issue, the figures for Canadian bank CIBC World Markets, give an incomplete picture of their total FX revenues, officials at the banks said.
This is because these banks, in common with Royal Bank of Canada, do not include their client foriegn exchange business within their FX trading revenue figures in their financial reporting.
In order to give a more complete picture of these banks’ income from foreign exchange, we
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