Citi secures FXall stake

FRONT PAGE NEWS

LONDON -- As the dust settles following the dramatic closure on April 11 of multi-bank FX platform Atriax, it is becoming clear that one winner is Citigroup.

Along with JP Morgan Chase, Deutsche Bank and Reuters, Citigroup was one of the four shareholders in Atriax, and last week it moved swiftly to turn its stake in a floundering e-commerce venture into an advantage.

Rival dealers have applauded the Machiavellian skill of Richard Moore, Citi's global head of FX, who appears to have

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