Rivals are set to gain from merger of French brokers

The deal is still a long way from being signed, as the due-diligence process continues and terms are yet to be set. But rival brokers tell FX Week they have already received phone calls from staff at the French brokers, asking to discuss a possible move.

One broker said he expected a lot of customers and business as a result of the merger. "A number of staff have already phoned up to arrange meetings," he said. "We expect foreign exchange business to come our way, and indeed the whole gamut of