Review Of FX Week 's 1996 Newsmakers Marks Time Of Change For FX Industry
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Although there were no major currency crises or political upheavals that adversely impacted the markets during 1996, the year may well mark a turning point in the way the industry operates. The mega-merger between Chase Manhattan and Chemical Bank, the pullout of the New York interbank market by HSBC Markets and the rise of electronic brokerage services appear to be causing a fundamental shift in the way the market operates.
The year started out like most in recent memory teams of traders
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