FX Markets

StanChart FX Options Group Plans Move To Singapore As Global Book Starts Up

BANKS

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Standard Chartered Bank will move its Hong Kong currency options business to Singapore in December, officials say. This week, the bank started passing its global currency options book between Hong Kong and its new options operation in London, where all the bank's FX options deals will now be officially booked in the name of the bank's head office.

London FX options trading chief Ross McDonald says that Paul Smith, StanChart's Far East FX options head, and four of his options trading and research

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