Heard on the Street: Hong Kong summer may be too hot for derivatives business

4 July 2011 | 2 minutes read

While some of the largest investment banks on the street are implementing job cuts and hiring freezes this summer, industry sources insist dwindling trading volumes mean that banks best known for their derivatives business may take more than their fair share of the heat. “Volumes have completely dried up this summer and there is no way we or anyone else…

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