BNY Mellon opens FX trading room in Seoul

Clients gain greater access to more efficient Korean won pricing and enhanced liquidity, says BNY Mellon

BNY Mellon has opened an FX trading room in Seoul. The trading room provides liquidity both to domestic clients in Korea looking for exposure to major global currencies as well as to counterparties seeking to trade Korean won across Asia-Pacific and around the globe. Clients transacting through the trading room are able to execute strategies using a variety of instruments, including spot, FX forwards and non-deliverable forwards.

“BNY Mellon is strengthening its capabilities in Korea to provide a more convenient and comprehensive Korean won FX trading service to our domestic and international clients, while also helping them conduct their business more efficiently. This reflects our deep commitment to the Korean market and our confidence in the expansion of our FX trading business,” says Mark Militello, head of markets for BNY Mellon in Asia-Pacific.

“Korea is a strategically important market for BNY Mellon in Asia-Pacific. Our commitment to quality service and to Korea’s financial markets is a key element in establishing an even closer business relationship with our Korean clients,” says Ji Sang Don, country executive for BNY Mellon in Korea. “In addition, a number of unique service capabilities spanning the investment lifecycle offered by BNY Mellon will add diversity in the local market and enable us to be a stronger partner for our Asian counterparties as we help them fulfil their strategic goals.”

Photo: Joop / Wikimedia

Date

12 Feb 2018

Channel

Treasury

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