LOOSE CHANGE

LOOSE CHANGE

Broker MW Marshall & Company has pulled out of currency options, closing its options desks in New York, Tokyo and London, sources say. The last to go was London at the end of February - Tokyo closed a month ago and New York before that. "Marshalls was one of nine brokers in the market but they were at the lower end," says a source at rival brokers Tradition UK. "It's hard to see how they could keep going in one centre once Tokyo and New York had shut." A spokesperson in London for MW

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