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

To continue reading...