Chemical Bank Cuts IMM Costs With Start Of Own Brokerage Team
BROKERS
Chemical Bank has set up a dedicated brokerage team in Chicago within its futures subsidiary, Chemical Futures & Options (CF&O). The team, which will only service Chemical, significantly reduces the bank's costs for brokerage that it was paying to outside shops and so should substantially increase Chemical's activity in the futures markets, officials say.
Chemical had already been using CF&O for dealing yen, sterling and Swiss franc on the listed markets, but previously dealt through another
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