FX Week

PIPS

PIPS

Bankers Trust is winding down its FX operations in Mexico City, sources say. The five-strong FX desk is gradually being closed, although staff there are still maintaining clients' positions. Among those leaving the bank is the regional manager of the FX/MM division, Javier Aguayo, while the rest are expected to leave by the end of the month, sources say. In future, BT's New York office will provide pricing to customers in Mexico.

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