HSBC Midland abruptly closed its interbank FX trading operation in New York last week, cutting 25 traders, while starting a late shift in London (see related story, this issue). In addition to the two dozen traders let go, which includes FX trading manager David Ogg, the bank cut 30 operations and finance positions as well. FX sales manager Barbara Levchuk, who co-headed FX with Ogg, is the new FX manager overseeing 13 sales dealers and three execution traders, including Robert Cassidy,

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