Nomura International Pulls Out Of Market Making In London

BANKS

LONDON--Nomura International, the troubled Japanese bank, last week exited the London FX interbank market with the loss of several of the remaining trading and sales staff, according to market sources.

The restructuring will focus operations on the bank's domestic Japanese client business and the needs of Asian investors in Europe.

As a result, the London operation has been scaled back to provide execution-only services in the European time zone, according to sources.

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