Refco chooses RBS as prime broker for FX

Stephen Dispenza, chief operating officer at Refco in New York, said RBS was better able to handle the volume of trades Refco puts through its prime broker. Although he would not specify the volumes, Dispenza said: "Prior to closing the deal, we discussed with RBS the capacity of trades they were already handling. We discussed in depth what kind of volumes they might expect to receive from RCM. To date, it has been able to handle the volume."

Refco also has a "good working relationship" with