Merged Midland Treasury Sets '93 Course With 24-Hour Trading Desk In London
BANKS
Midland Global Markets (MGM)--the newly named trading operation created by last year's merger of Midland Bank and Hongkong & Shanghai Bank (HSB)--introduced a 24-hour trading desk when it officially opened for business this month. MGM began trading January 4 at new premises at the Thames Exchange in London.
According to foreign exchange director Rob Loewy, MGM staffs its foreign exchange desks with a large complement of traders and corporate sales people until 10 p.m. each business day. After
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