Currencies Direct opts out of Oz

- Susanna Robinson
- 02 Feb 2009

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SYDNEY & MELBOURNE - London-based FX provider Currencies Direct shut down offices in Melbourne and Sydney at the end of last year to provide "economies of scale" to global clients, sources tell FX Week .

The company entered the Australian market in 2004. The withdrawal of its presence in Australia would suggest Currencies Direct was unsuccessful in tapping into the burgeoning Australian retail market. But Ignacio Hernandez, London-based managing director at parent company, Azibo Group, said it

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