Babcock Looks To Expand In Forward D-Marks Link With Frankfurt Broker Due This Month

BROKERS

After starting a forward Deutsche mark desk in New York in March, foreign exchange broker Babcock Fulton Prebon is attempting to expand its forward mark capabilities in New York and Europe via link operations.

According to a company source, Babcock has finalized negotiations with another currency broker, Frankfurt-based Willibald-Bertz, and is slated to begin a link relationship with them later this month.

A link relationship can greatly increase the number of banks that can deal on a brokerag

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