LOOSE CHANGE
LOOSE CHANGE
Babcock Fulton Prebon Inc. is developing a currency Forward Rate Agreement desk in New York and has appointed Jerry Aiken, a forward Swiss franc broker at the firm, to head the operation though no start date has been set, sources at the money broker say. While Babcock is optimistic about the desk's potential, the broker won't be going on any major hiring binge. Instead, sources there say that they will probably take brokers from its forward section to staff the newly formed unit.
The Alaska
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