Mitsui Trust Bank (USA) Buys Cooper Neff's FX Options, Futures

BANKS

Mitsui Trust Bank (USA), bought itself a presence in the U.S. currency options market this week by purchasing the foreign currency options and futures trading division of Cooper Neff Associates, a Philadelphia based securities and commodities trading firm.

Mitsui Trust Bank (USA), a subsidiary of Mitsui Trust and Banking Co. Ltd., "has been looking to expand its involvement in the currency markets for some time," one Mitusi official says. The purchase of Cooper Neff's foreign exchange options

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