Currency Derivatives House of the Year - Merrill Lynch

The US firm’s drive into currency derivatives has yielded some impressive results

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MORE THAN 50% of Merrill Lynch’s foreign exchange headcount is now dedicated to derivatives, according to Adam Kreysar, the company’s New York-based managing director in charge of forex sales and North American trading. That represents a high level of recent growth – Kreysar adds that the ratio was more like one third of the total 18 months ago, and that the other big dealers on the Street still devote most of their resources to spot trading.

“We run intentionally heavy on derivatives

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