Global FX Division establishes FXPB
The participants of the new group, co-chaired by Citi, Deutsche Bank and JP Morgan, comprise a number of the global prime brokerage firms already actively involved with the GFXD.
"As we build out the Global FX Division, it is becoming clear there is real benefit in having a co-ordinated global body to respond to regulation and work to implement best practices and technology solutions for the FX clearing industry," said James Kemp, managing director at AFME's GFXD in London. "We expect the new FX
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