Commerzbank's newly-formed derivatives trading division, Commerz Financial Products (CFP), which began operating its Frankfurt and Paris offices September 1, will expand to London, New York and Asia by the end of 1995, officials say (FX Week, March 28). CFP director Antoine Paille says that "in the first phase, we would like to reach a strong position in Europe." Prior to joining Commerzbank in March to set up CFP, Paille created Société Générale's derivatives trading group. Rudolph Dutweiler

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