Record year for CitiFX
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NEW YORK – Against the backdrop of an eventful 2001, economically and politically, US giant Citigroup reported a 33% rise in its FX trading revenues for the year, cementing its position as the number one global FX provider.
Forex trading revenues in 2001 were the bank’s best ever – at $1.46 billion, up from $1.10 billion in 2000.
“It’s evidence that FX is a growing product – if you have the right business model,” said global head of FX, Richard Moore, at CitiFX in London.
That, he
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