Forwards traders in demand
PEOPLE NEWS
LONDON -- A rise in hedging activity and the increased use of FX derivatives by institutional customers has led to increased demand for foreign exchange forwards traders, market participants told FX Week. In recent months, players including Bank of America, WestLB, Merrill Lynch and Den Danske Bank have all hired forwards traders in a bid to snare new business.
"The business is out there," said one head of forwards at a European bank in London. "But this particular area of the market is very
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