Nordea eyes retail FX
COPENHAGEN – Nordea is reviewing the possibility of breaking into the retail margin foreign exchange trading market, to capture uncorrelated flow from the client segment.
If it did so, the bank would join Deutsche Bank, Citi, Barclays Wealth and Royal Bank of Scotland in entering the market with margin trading systems targeted at retail clients. According to Boston-based research company Celent, retail FX volumes are averaging $120 billion a day.
“It is a question of pushing more flow through our
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