Midland And Hongkong Shanghai Traders To Move In January To New Dealing Room

BANKS

Some six months after their official merger, Midland Bank and Hongkong Shanghai Banking Corporation (HSBC) foreign exchange traders will move to a combined London dealing room at the Thames Exchange just after the turn of the year, say HSBC executives, opening for business January 4 as Midland Global Markets (MGM).

According to treasury operations director David Gelber, the treasury group is the last to go. Dealers from HSBC subsidiary James Capel moved in early November, followed by futures

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