Prebon Plans New York DM Spot Desk, Targets Harlow As Source of Talent
BROKERS
Prebon Yamane (USA) Inc. is in the process of forming a Deutsche mark spot desk in New York. The move begins another chapter in the broker's push to actively compete with the more established foreign exchange brokers. It also signals the beginning of another raid on Harlow, Meyer, Savage's stock of experienced brokers.
Prebon plans to make New York the center for the operation, and reportedly has communications lines set up directly to 20 to 30 banks in London and parts of Europe. "They are not
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