An integrated view

JP Morgan Chase and Citigroup are among those merging foreign exchange and other asset classes. They claim this lets them carry more risk, give customers better prices and structure cross-market investment products more easily. John Ferry reports

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JP Morgan Chase and Citigroup are the latest big foreign exchange dealers to put formal procedures in place to more closely integrate foreign exchange trading with other asset classes. In December, Citi internally announced the establishment of a new ‘global rates and currencies’ group under the umbrella of global fixed income. The group brings together interest rate and foreign exchange trading and marketing, including sovereign agency and supranational trading, as well as credit, municipal and

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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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