Tradition To Open Forward Yen Desk Foward Pound Desk To Follow Soon
BROKERS
As expected (FX Week, December 14), Tradition Berisford L.P., the Swiss-based money broker, plans to open a forward yen desk in New York this month. Tradition also plans to open a forward pound desk early next quarter, sources at the brokerage firm say.
"Tradition is a cash rich company, so we're in a situation where we can develop in specific areas that we've targeted [for expansion]," says executive vice president Gordon Lane. Those areas are also likely to include the Australian dollar and
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