1.   Also being laid off is Cesar Manent, who oversaw the trading operations in New York.

2.   An indictment was unsealed Wednesday accusing the owner of a currency trading operation in the World Trade Center of fraud and conspiracy.

3.   Analysts said the departure of the two executives in charge of the trading operation made sense in the wake of the stunning disclosures last week.

4.   And CS First Boston announced recently that it would shut down equity trading operations in Tokyo.

5.   And there is no doubt the company has already lost many of its trading customers since it closed its online trading operation shortly before filing for bankruptcy.

6.   Any deal for the trading operations would not be final.

7.   Aquila continues to seek a company willing to purchase the remains of the trading operation.

8.   As a result, energy firms have announced plans to slash overhead, issue stock and change their business models to minimize trading operations.

9.   Asked why he was unhappy, Milken said Drexel would not provide adequate capital to finance his trading operation.

10.   BankAmerica also expects to merge some processing and administrative operations in foreign exchange, derivatives and other trading operations.