FXI launches managed trading for institutions

Larry Dodge, president of FXI in New York, said the formation of the ITS group is a result of funds’ lack of knowledge of the FX market but desire to invest in it. "Funds are familiar with other investments but not forex," he said. "They are looking for a house to concentrate on FX trading whilst they concentrate on their abilities in other markets."

The result is that FXI is now focusing all its efforts on developing this division rather than on its retail trading client base. "Our best

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