FX Concepts Closes Chicago Options Desk And Re-Focuses Operation


After a year of rapid expansion, New York City-based fund manager FX Concepts is shifting gears. The Chicago trading arm that was established to focus on currency options is being folded and a pension marketing specialist has been hired in a re-direction of focus, says John Taylor, president of the foreign exchange advisory and management service.

FX Concepts will close its Naperville, Illinois trading desk (located about an hour from Chicago) in the next couple of months, says Taylor. The o