July 07, 2014 BY Mike Fox

Frankfurt’s establishment as offshore clearing hub for RMB a huge boost to European corporations says Commerzbank

Frankfurt’s establishment as one of the Eurozone’s first offshore clearing hub for RMB trade settlement along with the city of London will be a huge boost to European corporations trading with China, especially those that are mid-sized, a senior Commerzbank official says. Frank-Oliver Wolf, Global Head of Cash Management and International Business at Commerzbank, comments: “The…

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July 07, 2014 BY Gerald Segal

US Retail Forex Industry recovers in May, client assets up 1%

After hitting rock bottom in April with a multi-year low reported in client assets, US retail forex brokers recovered somewhat in May to post a 1% overall increase in assets held to just a shade under $600 million. US forex sector leader FXCM increased its lead over rivals Gain Capital (Forex.com) and Oanda, formally absorbing…

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