FIVE YEARS AGO IN FX WEEK

FIVE YEARS AGO IN FX WEEK

FX Week, October 11, 1991

Points System Remains Necessary in London

"Yes, it is subject to abuse, yes it helps liquidity and no, we will probably never get rid of it." So says ACI secretary David Clark, treasury and capital markets director at Midland Montagu about the brokers' points system in a week when allegations have surface about abuses of the points system in the Swiss franc market.

Citibank to Move NY FX Trading Desk

Citibank is planning to move its global trading operation, including F