Standard Chartered Plans Launch Of N.Y. Proprietary Trading Desk
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Standard Chartered (StanChart) is starting a proprietary trading desk in New York under Bob Fakhoury, who has returned home from London to lead the effort. The desk, which will trade currencies and interest-rate products, should be up and running by early next year, says Fakhoury.
The desk will focus on medium-term interest rates and short-term strategic positions in the major currencies, says Fakhoury, adding that emerging markets currencies will be traded as opportunities arise. Fakhoury says
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