Chase Contracts Susquehanna To Provide FX Options Advice

BANKS

As expected (FX Week, February 28),Chase Manhattan Bank signed a contract with Philadelphia-based options specialist Susquehanna Partnerships two weeks ago. Under the terms of the agreement, Susquehanna will provide Chase's global risk management unit with three traders and an advisory staff as well as proprietary analytics for its New York currency options trading desk.

Mark Babunovic, vice president in Chase's risk management group, says Chase sought the high-performance pyrotechnics of

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