Deutsche Bank cuts out $1 trillion

Rhomaios Ram, European head of commodities and currencies for Deutsche Bank in London, said the decision to cut so much trade off the platform had been made in order to reduce trades from aggressive customers who were not delivering margin.

"We have become more discriminating about who is a client and who is a counterparty. We have developed very sophisticated tools to enable us to distinguish between flow that is profitable and that which is not. We are ahead of the majority of the industry