Long-Term Credit Bank Of Japan Consolidates Proprietary Trading

BANKS

TOKYO--The Long-Term Credit Bank of Japan is restructuring its global FX operations in London and New York and is moving all of its proprietary trading operations to Tokyo, officials confirm.

The majority of the bank's computing and research systems are based in the bank's 24-hour trading room in Tokyo, so sources say the concentration in Tokyo was driven by a desire to create cost efficiencies.

An official at the London office says that three FX traders are being made redundant and two

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: