SinoPac expands exotics trading

Henry Chang, SinoPac's treasury manager in Taipei, told FX Week that the bank aims to recruit an unspecified number of traders from outside the bank, as well as training existing bank staff in exotic options trading over the next few months.

SinoPac began trading exotic options last Monday (June 7). So far, an un-named member of the existing options team has been the sole trader in this area. The bank trades standard exotic options such as one-touch and digital options in the G3 currency pair