UOB Plans Currency Options Desk In Singapore For Regionals

BANKS

Singapore-based United Overseas Bank (UOB) plans to launch its first currency options desk next year in response to demand from Asian corporates, says UOB's first vice president of FX and treasury services Lee Kim Soon.

Lee says that the desk will initially offer plain vanilla options and then move into more sophisticated exotic options once the desk is running smoothly. "We will cover all the regional major currencies such as the yen, Singapore dollar, Indonesian rupiah, Malaysian ringgit

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