FX Online Shifts ANZ’s Forex Focus

INTERNET TECHNOLOGY

LONDON--ANZ Investment Bank launched its new foreign exchange trading product for corporate and institutional clients last Thursday. The bank expects the system to change its role in the forex market.

"The days of purely transactional relationships are over and we see our continuing role much more as consultants," says Chris Cooper, global head of foreign exchange at ANZ. "We can now concentrate on adding value through skills like understanding risk management or balancing portfolio flows

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