Credit Suisse First Boston Sets Up Global Book In FX Forwards
NON-BANKS
Credit Suisse First Boston (CSFB) has taken the unusual step of setting up a global forwards book, according to London-based global head of foreign exchange Marc Hotimsky. CSFB has kept a global currency options book since last year, but started to do forwards on that basis as well in September, he says.
Few banks trade forwards on a global book basis, rather maintaining separate regional books and dividing up credit limits, say market observers. Hotimsky says the global book helps CSFB use
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