Brokers Cantor Fitzgerald And Transforex Set To Open Yen Desks In N.Y. Next Month
BROKERS
Cantor Fitzgerald Securities Corp., one of the largest U.S. government securities brokers, and Transforex Capital Partners L.P., a relative newcomer which has made a name for itself in the mark/yen, are both planning to open yen desks in New York next month, sources at those brokers confirm. Both face considerable competition in an industry already under pressure.
The two brokers are planning to open their desks in the face of more modest trading activity, the recent launch of Reuters Holdings
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