Review Of FX Week 's 1996 Newsmakers Marks Time Of Change For FX Industry
BANKS
Although there were no major currency crises or political upheavals that adversely impacted the markets during 1996, the year may well mark a turning point in the way the industry operates. The mega-merger between Chase Manhattan and Chemical Bank, the pullout of the New York interbank market by HSBC Markets and the rise of electronic brokerage services appear to be causing a fundamental shift in the way the market operates.
The year started out like most in recent memory teams of traders
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