ABN Amro Leads Field As Dutch Banks Report Strong Annual Forex Revenues

BANKS

AMSTERDAM--ABN Amro Bank again led its Dutch rivals in terms of annual FX trading revenues for 1997--a year in which all three major trading banks report healthy earnings on the back of strongly trending markets and volatility in both the major and emerging currencies.

"There were some big moves in the dollar/major crosses at the start of the year," says Keith Woodfin, a currency analyst at Essex, Connecticut-based Foreign Exchange Analytics. "Then, from July onwards, there was a lot of volat