Bank Of America Plans Options Desk In Singapore To Focus On Regionals
BANKS
The Bank of America plans to start trading on its new Singapore-based currency options desk in the next few weeks, says global FX options development director Bryan Thomas. Although it will quote a full range of products for customers, outside the bank, Thomas says the focus will be on the regional, Asean currencies.
"The Asean currencies is where we'll create any visibility vis-a-vis the outside world," says Thomas. "If the customers here are more interested in the Asean currencies, that will be
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