UBS ousts Citi from top spot in forex

The Swiss bank knocked Citigroup off the top spot for the first time since the annual awards were launched in 1995.

And with Deutsche Bank second, Citigroup has been relegated to third place in the “best banks in foreign exchange” awards, which will be presented tomorrow in London.

UBS and Deutsche Bank also topped the poll for foreign exchange derivatives, with UBS ranking top for options and Deutsche topping the forwards category.

More information on the results is available at

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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