UPDATE 1-Citi seeking to sell retail FX arm -source

April 14, 2015 12:32 PM

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LONDON, April 14 (Reuters) - Citigroup Inc is seeking a buyer for its retail forex brokerage CitiFX Pro as part of efforts to streamline the banking world's biggest currency trading operation, a source familiar with the situation told Reuters on Tuesday.

Citi has cut staffing and computerised many elements of its currency business in recent years. Market sources say it has aggressively rationalised its institutional client base in the "prime broking" sector since the start of this year.

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