Citigroup to treble prop FX
PEOPLE NEWS
LONDON -- Citigroup is to expand its proprietary trading business three-fold to 12--15 traders world-wide over the next two years, Jeff Feig, global head of proprietary trading in London, told FX Week.
As part of the move, the bank will launch proprietary trading desks in New York and, later on, in either Singapore or Tokyo, to complement the existing desk in London. More traders will also be hired for the London prop desk, which currently has a headcount of five, following the transfer of Larry
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