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France’s largest bank is shutting down its commodity derivatives trading desk in New York and is re-routing local trade orders to its London and Singapore desks.
French banking giant BNP Paribas will be closing down a U.S. commodity derivatives trading desk in New York and re-routing transactions to its London and Singapore desks, according to a source familiar with the situation. The shutdown, part of a streamlining effort for the global firm, will not impact the bank’s North American clients already...
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