The bank will establish a new low-latency electronic FX infrastructure in the Southeast Asian nation, to assists clients initially in spot with execution quality and price discovery, and subsequently in deliverable and non-deliverable forwards and swaps.
In 2019, BNY Mellon set up a dedicated FX custody trading desk in Singapore, relocated its Short-Term Interest Rate Trading (STIRT) business from Hong Kong, and established a Singapore options trading desk.
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