Bank Of America London Moves Into New, Bigger Dealing Room

BANKS

Bank of America in London has moved into a new dealing room to accommodate not only an upgrade in technology but its recent expansion in FX and other dealing staff, say officials.

The bank's acquisition of Continental Bank last year means that some 40 emerging markets traders from the Conti London office will also be moving into the new dealing room at the beginning of July.

According to global foreign exchange coordinator Paul Chappell, the new room accommodates 270 dealers -- about 240 of t