Retail FX: Retail rumours

Not only is retail FX seen as an increasingly important client segment, but it is a great source of rumour for us hacks

The deal between RBS and CMC – which I called a white-label solution but which a reader pointed out to me is actually an introducing broker agreement – has been gossiped about for months. Clearly, RBS has decided on a soft launch. In fact, it’s been so soft that when I rang up RBS Spread Trader this week the young man on the end of the phone answered: “CMC Markets.”

“Do what?” I replied. “I thought that was RBS?” At this point he started to flap.

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