Overnight dealing boosts Macquarie Bank's forex
PEOPLE NEWS
SYDNEY -- Australia's Macquarie Bank has boosted its FX business with offshore clients this year, and attributes this growth to the success of its 24-hour dealing floor.
"We have a 24-hour function, so we can take advantage of global moves at the same time that they occur," Simon Wright, executive director for FX at Macquarie Bank in Sydney, told FX Week. "The Australian market is not big enough to make money, you must also be quick to move in Europe and the US."
This has enabled the bank to
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