E-trading pulls gold into forex units as commodity desks shrink

The increasing use of technology on financial trading floors is driving a trend for banks to roll precious metals operations into their forex businesses as a separate unit from other commodities activities. Barclays (LSE: BARC.L - news) on Tuesday followed similar moves by rivals Deutsche Bank (Xetra: DBK.DE - news) , UBS (Xetra: UB0BL6 - news) , JPMorgan Chase (Xetra: CMC.DE - news) & Co and ...