FX Week

HSBC strategists take on FX trading


NEW YORK -- HSBC’s client advisory and strategy team in New York has been given its own balance sheet with which to trade FX, chief currency strategist Marc Chandler told FX Week.

As well as advising clients and traders within the bank, HSBC strategists are now taking "modest" positions, which "help us keep more in tune with the market", said Chandler. "It turns our strategy desk into a profit centre for the bank."

Chandler said the team, which includes himself, Thom Worden, Clyde Wardle and

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