Crédit Suisse Moves Options To Singapore To Develop Regional Treasury Centre
BANKS
Crédit Suisse has shifted its global currency options book for the Asian time zone to Singapore. The move is as part of a plan to upgrade its branch there into a regional centre for treasury operations by mid June, officials say.
The options team, which has two traders - one from the bank's New York office and the other from London - and a locally hired assistant, will quote prices for Crédit Suisse's Asian and Australasian customers, excluding Japan. "Two more traders will join the team soon,"
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