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Currenex |
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| The launch of Currenex, an independent non-banking forex emarketplace offering multibank dealing systems to customers, has encouraged banks to create their own emarketplaces. Higher brokerage and other fee revenue is due to the impact of the Currenex acquisition, increased transition management, and strong trading volumes. The slight improvement was due primarily to new revenue streams generated from our Currenex acquisition, offset somewhat by weaker volatility in foreign exchange. |
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