Nikko Bank Closes FX In London


LONDON—The forex division at Nikko Bank in London closed last week, putting some veteran market names out of a job.

Its parent group, Nikko Securities, continues to wind down its international operations. Nikko has decided to concentrate on the securities side of the business, says a spokesperson in Tokyo.

Since the merger with Salomon Smith Barney last year, Nikko’s focus has moved away from foreign exchange, says one trader at a Japanese bank in London.

Roger Guest, head of FX at Nikko, was one

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: