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Scotiabank Expanding Hedge Fund Derivatives Services

The bank of Nova Scotia, Canada’s third- largest bank, will offer more products to hedge funds including derivatives trading as it expands prime services to compete inside and outside its home country.

Scotiabank plans to provide clearing of listed derivatives for its prime brokerage clients by the end of 2013 or early 2014, said John Stracquadanio, head of prime services for Scotiabank Global Banking and Markets.

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