Chase, Susquehanna Talk FX Options Deal Final 'Consultancy' Pact Likely Next Week

Chase Manhattan Bank is looking to hire Philadelphia-based options specialist Susquehanna Investment Group as a consultant to its currency options trading operation, a Chase spokesman at the bank confirms, and is currently in the final stages of negotiations toward that end. A definitive pact could be signed as early as next week, the spokesman adds.

Chase's decision to seek such an arrangement with Susquehanna follows recent moves by several foreign banks, including Swiss Bank Corp., which