Manufacturers Hanover Hones FX Options To Boost Corporate FX Business In London
BANKS
The foreign exchange department of Manufacturers Hanover Trust Co. (MH) in London has strengthened its skills and capacity in currency option trading over the past 15 months as a way of attracting corporate customers.
James Hohorst, a managing director in charge of the bank's European foreign exchange operations, told FX Week that this strategy is paying off. He said that while MH's currency option business in Japan has stagnated somewhat, the bank's option trading has increased in Europe to the
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