FX Week

Saitama And Kyowa Set To Merge Traders Eye Unified FX Desk In NY

BANKS

Foreign exchange traders at Saitama Bank Ltd. and Kyowa Bank Ltd. say the impending merger and integration of the foreign exchange trading operations should occur smoothly and without bloodshed, though many believe it will take some time before the unified desk bolsters its presence in the market.

The combined unit, Kyowa-Saitama Bank Ltd. (K-S), "is going to be the 18th largest bank in the world. Whether we trade foreign exchange like the 18th largest bank in the world, well, I think that th