HSBC Completes Centralisation of Asian G7 FX In Hong Kong
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HONG KONG -- HSBC will complete its move to centralise all Asian G7 FX trading in Hong Kong with the transfer of market-making from Sydney on August 7.
The transfer marks the final phase in HSBC’s move to centralise FX in the regional hub, following the recent transfer of the market-making desk in Tokyo.
According to Andrew Brown, head of FX Asia Pacific, the bank has opted to centralise all market-making in its Asian head office in order to centralise risk and take advantage of technological
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