Tokai Bank Upgrades FX Trading Systems Of New York Operation

BANKS

Tokai Bank in New York is embarking on a trading room systems evaluation and overhaul due to an expansion over the past two years in the range and volume of its foreign exchange trading, according to its chief foreign exchange dealer in New York, Shunji Tsuda.

Tokai is active in New York in the forex spot, forward, futures and swaps markets, trading the dollar against the yen, mark and Swiss franc, as well as the mark/yen and Swiss/yen cross rates, Tsuda says. Five senior spot traders, three