Banks continue to target retail forex
According to Boston-based consulting company Aite Group, average daily volumes of retail forex will grow to approximately $110 billion by 2009, up from over $60 billion, which was a 2% share of the market, at the end of 2006.
On Tuesday (March 25), Citi went live with its online FX margin trading platform, CitiFX Pro, a white-label version of Saxo Bank's SaxoTrader platform, for residents of the US. Citi will go live with the platform in certain Asian countries in the next few months, and
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