FX Week

Manufacturers Mulls Opening Night Desk Hohorst Set To Head FX Operation In N.Y.

BANKS

Manufacturers Hanover Trust Co. is currently mulling the idea of establishing an overnight trading desk in New York, sources at the bank say. Although no launch date has been set, Tom Stanley, who recently joined the bank from Chemical in New York, will likely head up the unit.

"It's true we are considering it," says Christine Patton, a senior vice president in charge of global foreign exchange trading at Manufacturers in New York. "I think it would provide a more consistent point of contact