FX Week

Postipankki Bank Set To Open Three-Man Foreign Exchange Trading Desk In New York


Finland-based Postipankki Bank is slated to open a foreign exchange trading desk in New York next week. The bank's three-man desk will make markets in dollar/Finnish markka and Deutsche mark/Finnish markka. Its moves to start trading foreign exchange come some two years after it opened a branch here and a year after it opened its money market trading desk.

"We hope to start trading on Monday in a limited way, and to have all the bugs out of the system by January," says Charles Wheeler, the n