AIG Trading Beefs Up London FX Desk With High Profile Hires, Options Focus
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The decline in credit quality at many of the world's top banks over the past few years has allowed other institutions to secure a niche in the foreign exchange market. AIG Trading, a subsidiary of the triple-A-rated insurer, American International Group, is one such firm that has taken advantage of the opening: since its entry two years ago in the New York market, the firm has expanded rapidly. Now the expansion has moved on to its London office, AIG officials confirm.
"We're following suit on
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