Best bank for forex white labelling: Citigroup

Forex white labelling is becoming increasingly prevalent but there is still confusion about what the term means.

Any bank with good client trading technology, and there are plenty of those, can give a market-taking bank, let’s call it XYZ Bank, a click-to-deal screen with executable streaming rates in a range of currency pairs. Then XYZ Bank’s sales people talk to their end clients on the phone but enter tickets into the dealer bank’s screen, adding whatever margin the sales person wants for that particular client.