FX Markets

ODD LOTS

ODD LOTS

Morgan Stanley Dean Witter reports trading income from principal transactions (including FX), of $499 million for the third quarter, down 36 per cent from $778 million in Q3 1997. The figure was also down 54 per cent on the previous quarterly figure of $1.091 billion. The report notes that although the principal transaction figure was generally lower, FX achieved the second-best quarter ever.

Lehman Brothers reports third quarter earnings from principal transactions (including FX) for the three

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