Commerzbank out of NY
The bank, which has also closed its London trading desk, is offering a 24-hour trading service to its clients, with Frankfurt’s traders covering the European and American time zones, and Singapore servicing clients for the remaining hours.
Roman Schmidt, managing director Germany for Commerzbank Corporates & Markets (CBCM) in Frankfurt, argued it was not necessary to maintain three trading desks covering the same time zones. "It is not only more cost-effective but it also ensures that we provide
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