Mitsubishi Bank Set To Open Four-Man Currency Options Desk In London
BANKS
Mitsubishi Bank is planning to set up a currency options trading desk in London in the next two months, according to bank executives there. "Mitsubishi already has quite aggressive desks in Tokyo and New York," says treasury planning manager Hideki Okano. "Tokyo, particularly, is running a huge book. We thought, why not London?"
Okano says that the London desk will begin by running a local book in the major currencies--though at some time in the future, the bank may consider moving to a global
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