FX Week

Standard Chartered Centralizes Options Trading In Hong Kong, Sets 24-Hour Operation Startup

BANKS

U.K.-based Standard Chartered Bank is centralizing its global currency options trading into a 24-hour operation in Hong Kong, which will begin toward the end of next month, say bank executives. The move comes as the bank puts the finishing touches on a global risk management organization for its other derivatives trading operations.

As part of those efforts, the bank last week completed the integration of the former First Interstate Bank foreign exchange and swaps groups in Los Angeles. Stand