Expansion in forwards trading and teams

Banks and brokers are building forwards teams and services as they report rising volumes from clients avoiding more complicated hedging tools.

Forwards incur less risk than other hedging instruments, dealers said, and with clients becoming increasingly risk- averse in the current geopolitical climate, forwards are in demand. "Risk aversion is very much a feature in some clients' trading at the moment," said one New York-based forwards trader. "Forwards can be ideal for this kind of client and

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