FX Week

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Two more traders last week developed a yen to leave the London dealing room of Midland Global Markets. It has seen a steady stream of departures since being created by the merger between HSBC Holdings and Midland Bank last year. Both men are joining Japanese banks. Officials at Tokai Bank in London confirm that Alan Fletcher, formerly chief of interbank spot trading at the pre-merger Midland Bank, will start this week as chief spot dealer at Tokai. Meanwhile, an executive at Sumitomo Bank in

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