Finalto Asia is proud to announce its continued commitment to growth in 2023. Despite a backdrop of global crises and uncertainty, Finalto is staying true to its commitments to innovation, with the expansion of its technology team from Copenhagen to Singapore and extending its footprint in the region.
Finalto hopes to sustain a trajectory of driving the group's technology innovation strategy and providing clients with faster and smarter solutions for years to come. Alex Yap, Head of Institutional Sales (Asia), commented on the future plans for the company and what to expect moving forward.
According to Yap, “the demand growth for low-latency electronic and algorithmic trading in Asia shows no signs of slowing any time soon”. However, the physical distance from data centres in London and New York to Asia is one of the main challenges. He went on to say that “the growth of data centres in Singapore will be a great leap forward for the region”. As such, Finalto aims to offer liquidity and trading services from its SG3 stack in 2023 to meet the growing demand.
The high interest rate environment is also expected to continue throughout 2023 according to Yap, who remarked that he expects it to “put pressure on economic growth globally, and not just in the liquidity sector”. The resultant risk of stagflation remains if a recession kicks in before inflation can retreat to a safe level too. In any case, Finalto remains confident in delivering a high-quality service and more exciting developments as the year progresses.
It is likely that 2023 will be very much an extension of difficulties and challenges we saw in 2022, with, as Yap put it "things likely to get worse before they get better”. The year of the rabbit could coincidently be a jumpy one for Asian markets, but Finalto is resolute in its investment in the area.
Asia remains a key growth region for Finalto Group, and the company is expanding its team in Finalto Asia and Finalto Australia, which will strengthen its support and coverage for clients from Sydney through to Tokyo, as well as Singapore and London.
The company has assembled a team of developers and integration engineers in its Singapore office to drive technology innovation and development that will work in tandem with the larger R&D and technology team in Copenhagen, Denmark.
Finally, the demand for bullion liquidity is growing strongly in Asia, and Finalto is offering gold liquidity in grams against USD and CNH and taels against HKD in Hong Kong.
The company is exploring other avenues for price discovery, including the physical trading space, which will complete its puzzle for providing reliable pricing and margin facilities. Part of Finalto’s focus on providing innovative products and services is consistent and constant process innovation, to meet the diversified needs of Asian markets.
The company is committed to listening to client feedback and acting promptly – offering dependability even in times of relative market instability.
Overall, Finalto Asia remains committed to its growth trajectory, expanding its team and enhancing its products and services in Asia in 2023, while navigating the challenges posed by a year likely to be full of mounting obstacles and high interest rate environments. Finalto is confident in serving clients better and more promptly than ever, with a strong focus on technology innovation and bullion liquidity.
