FX Week

CIC Prefers 'Direct Dealing' With Its Corporate Clients

BANKS

Although many banks have been forced to downsize their foreign exchange operations in response to lower profits and less corporate volume, French-based, CIC-Union Europeenne International & Company (CIC) continues to provide quality service to its corporate clients directly from its foreign exchange trading desk in New York.

"We invite all of our customers to call us directly," says Jean-David Borges, a first vice-president and chief dealer of CIC's New York operation. Instead of routing its