Standard Chartered Makes Markets In Exotic FX Options In New York
BANKS
Standard Chartered Bank has started making markets in exotic currency options from its desk in New York. The bank, which has about 20 foreign exchange trading desks worldwide, is also planning to shift its emphasis from proprietary trading to customer business.
"We just started making markets in exotic options at the beginning of this month," says Jack Stapleton, vice president and senior corporate dealer at Standard Chartered in New York. "We have a pretty good feel that these will be helpful to
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