BNY Mellon Launches FX Desk in Singapore, Names Keon Ho Kang as Head

Global custody bank, BNY Mellon, has joined an ongoing trend by launching its newly created foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term dealing room, based out of Singapore, installing Keon Ho Kang as the room’s newest Head.

FX has been on the uptick in Asia with a mounting demand in the aftermath of a tranquil summer – this in turn has led to large scale personnel shifts and restructuring by banks and retail brokerages. The new FX desk will maintain a focus on G10 currencies, along with the Korean Won NDF

In his new role as the Head of FX in Singapore, Mr. Ho Kang will be reporting to Richard Gill, Global co-Head of FX trading based in London, and Mark Militello, Head of Asia-Pacific global markets business in Hong Kong.