Citicorp's Currency Trader: Small Order System For FX

THIS WEEK'S LEAD STORIES

Citicorp has found a way to relieve its foreign currency trading desk of the nuisance orders associated with corporate trade payments, while expanding its treasury management services.

Currency Trader, a co-development of Citicorp's investment and institutional banks, allows commercial banking customers to execute and receive online confirmation on forex transactions of up to $500,000. Users can name the beneficiary of the trade and transfer funds to specific accounts at the beneficiary's bank.

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