Billiton transfers forex to Europe

BHP Billiton, which has a dual listing in London and Australia, said last week that its last forex trader in Melbourne is transferring to the Hague in the Netherlands in October.

The un-named trader will join one other forex trader within a larger treasury team in the Hague, where the firm's forex operation has been managed since the July 2001 merger of BHP, an Australian natural resources firm, and Billiton, a UK-listed metals and mining company. The company also retains one FX trader in Jo