However, Deutsche Bank’s DBFX platform, formally announced on May 15, appears to herald a new phase.
Deutsche’s move has got tongues wagging about which bank will be next. Gossip suggests it will be UBS, which has been working with Cognotec, if rumours are to be believed, to build a front end for the retail sector.
However, according to Fabian Shey, global head of FX distribution at UBS, the rumours are off the mark. “UBS is the largest private bank in the world and the private client segment has always been an important part of our business,” he says.
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