DrKB Restructures In New York; Downsizing Spot And Forward FX

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NEW YORK--Dresdner Kleinwort Benson has restructured its New York FX operation in an effort to focus on proprietary trading, options and customer sales, according to sources. As part of the move, David Ogg, New York FX trading manager, is leaving the bank.

The decision was made to reduce the operating costs of the New York division, which now mirrors that of London.

Last year, the bank pulled out of the London interbank market and consolidated spot and forward market making in the Frankfurt

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