Commerce FX storms US retail market

The bank has seen "tremendous growth" over the past three months, with month-on-month increases of 50% in terms of deposits and 30–35% in volumes, said Paul Belogour, head of FX and trading for Commerce FX in Boston.

The bank launched its margin trading business in April 2003 and quickly realised there was "huge demand" for the product from well-established financial institutions, as a result of mistrust between customers and brokers, said Belogour. "There's demand for a reputable entity. Cus

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: