Deutsche Bank Continues Record-Breaking FX Drive

NEWS

FRANKFURT -- German banks recorded impressive FX trading revenues in the first quarter of the year, with Deutsche Bank reporting a record result, 71% higher than its first-quarter result last year.

The German giant has profited from building a global client base to compensate for slipping trading volumes, after the loss of the European legacy curre- ncies, Hal Herron, global head of FX at Deutsche Bank in London, told FX Week.

"There are fewer players in the market so volumes overall are shr