Australian Exchange to open Singapore office this year

It'll focus on derivatives products.

According to a report by Bloomberg, ASX Ltd. (ASX) will hire staff for a new office in Singapore this year as Australia’s main exchange operator seeks to do more business with Asian hedge funds and proprietary traders.

“It will be a meaningful presence,” Peter Hiom, Sydney-based deputy chief executive officer at ASX, said in an interview Jan. 31, adding that the Singapore office will focus on derivatives products. “There’s an untapped opportunity for us in Southeast Asia.”

Read full report here.

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