Bank e-FX initiative of the year: ANZ
Transforms FX business to become top market-maker in AUD, NZD and CNH
Regional banks have experienced a significant boost in foreign exchange markets over the last two years, as large global banks stepped back from non-core areas and strong client franchises became more important.
This market structure shift propelled banks such as Australia and New Zealand Banking Group (ANZ) to the forefront of currency markets, but without the necessary technology and infrastructure to plug the gap.
With a number of banks pulling away from the region following the global
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