Toronto Dominion Cuts FX Trading Activity In London

BANKS

TORONTO--Toronto-Dominion Bank (TD) has downsized its FX trading activity in London, exiting spot and options trading in a number of key currencies, according to officials. However, the bank will maintain a full sales presence and is continuing to trade forwards and some currency pairs in the City.

TD has pulled out of so-called "dollar-bloc" spot and options activity in London, which includes trading in the Canadian, Australian and New Zealand dollars.

This activity has been split between TD'