Rosenthal Collins Group Shuts N.Y. FX Desk But Quantum May Decide To Open One?

NON-BANKS

The union between Rosenthal Collins Group (RCG) and Quantum Financial Services earlier this month resulted in the demise of RCG's modest 24-hour foreign exchange trading operation in New York, officials there confirm. But Leslie Rosenthal, a principal at Quantum, says "you can probably characterize it as more of a hiatus than any kind of a discontinuation."

"Right now we're reevaluating what we're going to be doing on an FX basis," Rosenthal says. He suggests that Quantum may open a foreign

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