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Li: CFETS will help China integrate |
Royal Bank of Scotland ranks number one on the new China foreign exchange trading system (CFETS) since it went live in May. It can now boast a market share of just below 35% by the number of deals and 40% by volume up to June 17 2005. This is good news for the 10 market-making banks participating in the project, which includes other top FX players such as HSBC, Deutsche Bank, Citibank and ABN Amro.
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