Standard Chartered Readies Replacement Floor in New York

TRADING FLOOR TECHNOLOGY

NEW YORK--Standard Chartered Bank is set to go live by the end of this month with a new and primarily FX trading floor at 1 Madison Ave., a replacement floor for its offices lost as a result of the terrorist attacks on September 11, confirms a spokesperson for the bank.

"We lost our building [at 7 World Trade Center], so this is an entirely new trading floor," the spokesperson says.

The new floor will feature approximately 40 trading positions in total, with most of them working in FX and treasury

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