Bear Stearns Snares Discount's Lane To Expand Global Futures Business
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Bear Stearns & Co. Inc. named Morton Lane, previously president and chief executive of Discount Corp. of New York Futures, senior managing director earlier this week, in an effort to help bolster its presence in the futures market. Although already established on the floor of both exchanges in Chicago, Bear Stearns is hoping to beef up its operation, particularly in financial futures.
"We've always been in the business, and it's grown over the last few years as institutions have increasingly
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