ACM grows FX volumes

The Geneva-based firm, which was established by two former FX dealers at the start of last year, offers retail customers three pip spreads on FX trades. Nicholas Bang, commercial director at the firm, told FX Week this has been key to the growth in volumes.

"In some large banks, spreads for retail customers can still be as wide as 15--20 pips," he told FX Week. "Over the past couple of years, companies similar to ACM have been offering a five-pip spread, which is relatively competitive. We ha