Lehman's drive in forex derivatives gets results


LONDON -- Lehman Brothers' focus on building its global FX derivatives capability is seeing good results, officials at the bank in New York and London told FX Week.

"The proportion of our underlying revenues in foreign exchange derivatives is definitely growing," reported Eric Robin, head of European FX and local market sales.

The drive has been underpinned by a series of senior hires in FX options, and is backed up by the firm's renowned focus on quantitative research, Ivan Ritossa, co-head