Merrill, Dai-Ichi Kangyo Get Serious About Swaps
TECHNOLOGY
Merrill Lynch & Co. Inc. and Dai-Ichi Kangyo Bank (DKB) recently announced separate plans to bolster their presence in the derivatives market. The two are the latest to focus on a market which continues to grow and produce profits. Both firms say the impressive credit ratings they will bring to the table will help them cut a larger slice of that pie.
Merrill Lynch, which has been trading derivatives for some time, has set up a separate derivatives unit, Merrill Lynch Derivatives Products (MLDP)
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