FX Week

Mitsui Taiyo Kobe Bank Buys Dellsher Stake In Effort To Boost FX Futures, Options Profile


Mitsui Taiyo Kobe Bank (MTKB) announced plans to acquire a majority share of Chicago-based futures commission merchant Dellsher Investment Co. Inc. last week. Sources at MTKB in New York say the purchase will allow the bank to increase its profile in the currency futures and options markets.

Although MTKB, Japan's second largest bank, is already extremely active in the Eurodollar pits at the Chicago Mercantile Exchange and in the interbank foreign exchange market it "has a relatively small op