DeAM breaks out forex group

Separate account

FX remains within the fixed income division, but will have its own profit and loss account and will operate independently to create more specialised products for its FX clients.

"The market is changing and we are seeing an increase in specialisation, which is leading to greater competition from boutique firms," the spokesperson said. The changes will ensure the firm offers specialised products similar to smaller firms, but with additional services, such as proprietary and targ