Deutsche Bank Steps Up European FX Sales Effort

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FRANKFURT--Nine months on from the launch of the euro, Deutsche Bank is reaping the rewards by mopping up FX marketshare from smaller niche banks in the Eurozone, according to market officials. The development has prompted the German bank to beef up its European sales force, with several key hires across the region.

Overall FX trading volumes have decreased sharply since the loss of trading in the eleven legacy currencies, leading many smaller European banks to post sharp downturns in FX deal