Citi Exits N.Z. Bond Market, Opts To Focus On Foreign Exchange?


Citibank N.A. recently announced that it had discontinued its market making capabilities in the New Zealand government bond market in order to focus on foreign exchange, but officials at the bank say that the bank’s FX expansion plans are minor.

In fact, sources there say that the decision to get out of the New Zealand bond market was sparked by poor performance rather than by any grand new vision to enhance its foreign exchange presence there. "We were adding liquidity to a market where we w

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: