Tokyo-Mitsubishi’s ‘creativity’ boosts revenues

BTM’s non-consolidated revenues from FX trading were ¥41.7 billion ($380 million) from April to September 2003, compared with ¥39 billion ($325 million) during the preceding six months, a bank official told FX Week.

Takashi Kimori, deputy general manager of FX and treasury in Tokyo, said the results were driven by currency options and BTM’s hedging business.

He said the bank had been creative in the hedging products it offers, and had tried to ensure clients understood the benefits of complic