First Chicago Plans Shut-Down Of FX Fund Management Sub
BANKS
First National Bank of Chicago will shut down its foreign exchange fund management subsidiary, First Chicago Trading Consultants Inc. (FCTCI), by year-end, effectively withdrawing from this business, according to bank officials. FCTCI, which was registered with the CFTC as both a Commodity Trading Advisor and Commodity Pool Operator, evolved out of the bank's proprietary trading desk in 1992.
Despite claims by market sources that the fund's performance was poor, officials say that was not the
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