HSBC spot desk takes on options and more currencies

PEOPLE NEWS

NEW YORK -- HSBC USA is taking the current trend of training multi-skilled forex staff a step further. The bank now expects its spot traders to trade multi-currencies and have some proficiency in the options market.

"The direction we are taking is a room of people who all have knowledge of all products, and currencies -- although they will retain their
specialisms," said Alain Delelis, managing director and head of FX trading, sales and emerging markets at the bank in New York.

"I push every

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