Korea’s Koram Bank has become the latest client of SuperDerivitives, a provider of multi-currency pricing systems for both vanilla and exotic options. Koram Bank is a key player in the Korean won options market, which is growing rapidly as a result of the huge inflow of foreign investment into the Korean economy. Keon-Ho Kang, Koram Bank’s head of FX options, explained why the deal would benefit both Koram Bank and the market in general: ‘The won market is really expanding rapidly. Many overseas companies have invested in the Korean market and they need to hedge their currency risk effectively and efficiently. To do this requires access to real market prices.’
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.