Calyon to outsource liquidity

The French bank has been talking to three banks to source pricing in pairs where it does not have round-the-clock coverage, said Andrew Kellner, global head of forex, funds and commodities at the bank in London. "We are currently exploring the white-labelling market and are talking to two or three banks to source liquidity in certain currency pairs at certain times of day."

He said any deal should be in place by mid October but that it would be a temporary measure, while the bank builds up i