FX Week

FIVE YEARS AGO IN FX WEEK

FIVE YEARS AGO IN FX WEEK

FX Week, November 29, 1991

Merrill and Dai-Ichi Kangyo Back Swaps

Merrill Lynch and Dai-Ichi Kangyo bank have recently separately announced plans to increase their role in the derivatives swaps market. Merrill has set up a separate derivatives unit while the Japanese bank has hired Denise Boutross and five swap traders from SecPac.

Skimpy Year for Trader Bonuses Forecast

Traders at banks where bonuses are entirely discretionary look likely to have an empty seasonal stocking this year, according