Foreign Exchange: Structure of a Bank FX Business
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Foreign Exchange: Structure of a Bank FX Business

Intuition Publishing
Updated Sep 24, 2020

The foreign exchange business in a bank is usually part of the bank's capital markets operations, and is often part of a subdivision specializing in trading liquid assets. The front office organization is looked at and we investigate the interaction between the trading desk and other departments within the bank. The settlement of a foreign exchange trade via the CLS Bank is explored.