Leaders Ask, Is New York Moving to London?

By Christopher Faille, Financial Correspondent
HedgeWorld (Reuters) Tuesday, January 23, 2007

In an email exchange, Janet Tavakoli, president of Tavakoli Structured Finance, Chicago, said Monday [Jan. 22] these observations about London's preeminence hold for several product lines. In the field of credit derivatives in particular, London was only a minor player in the 1996–97 period, but represented about half the market by 2002, and its share has continued to rise. London also dominates euro forex trading, she said.

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