Foreign Exchange

Lehman Brothers is a leading dealer in the global foreign exchange (FX) markets. Through its offices in New York, London and Tokyo, Lehman Brothers offers 24-hour dealing services and operational support in FX cash and derivative products in all major currencies and emerging markets in Latin America, Eastern Europe, Africa, the Middle East and Southeast Asia.*

FX Structured Products
FX Structuring provides solutions to meet clients' foreign exchange risk management requirements. Using non-derivative and derivative instruments, structurers and quantitative analysts in each center develop customized hedging and investment strategies and currency-linked structured notes.

FX Research Group
Lehman Brothers' dedicated FX Research Group provides a multi-dimensional product aimed at helping clients to manage risks in currency markets. The FX research product includes:
 •  A Macro-based framework used to provide strategies in G10 and EM currency markets
 •  A currency trading portfolio, with four years of trading experience
 •  A suite of systematic trading models for use in generating returns and diversifying risk
 •  Cutting-edge volatility research in areas such as risk premia trading and correlation frameworks
 •  An extensive suite of quantitative research and models, with a dedicated team to help clients customize the product to their needs
 •  Web-based access to our entire product offering

Lehman Brothers' European quantitative FX research has consistently received top industry rankings, and the business is recognized as a global market leader in FX volatility research.

Electronic Trading
Lehman Brothers' FX e-Commerce strategy emphasizes auto-pricing and speed of response. Targeting the needs of both primary and secondary FX users, FXLive offers executable-streaming prices and request-for-quote functionality in over 30 currencies. FXLive provides all the benefits of electronic trading with straight through processing to clients with FX, Futures and Equity accounts. Clients may trade on FXLive via price provider on FXAll, Currenex, FX Connect and 360T.

FX Prime Broker Services
Lehman Brothers offers an automated online FX Prime Broker service available through SmartLinksm on LehmanLive® Web site. Lehman Brothers' flexible client interface permits a full range of client reporting and acceptance messaging, from click-to-accept executing bank reports to full API integration. 24-hour operational support is provided by Lehman Brothers' FX Prime Broker Service Group.

Contacts
North America
New York
1-212-526-8473
Europe
London
44-20-7103-2607
Asia
Tokyo
81-3-6440-2299
Hong Kong
852-2252-6810
Foreign Exchange services in the United States are provided by Lehman Brothers Inc., an affiliate of Lehman Brothers International (Europe) and Lehman Brothers Japan Inc.
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