Standard Chartered opens new trading floor at DIFC
The Standard Chartered Bank yesterday opened its new trading room at the Dubai International Financial Centre, strengthening its regional headquarters and becoming the biggest trading floor in the Middle East.
In a statement, the bank said the facility has 200 trading seats and will support its expanding global financial markets business. "This DIFC trading floor is geared to be a centre of excellence for the Middle East and Africa region," it added.
It stressed that the key product areas include risk management advisory, structuring, interest rates derivatives, foreign exchange, e-commerce, credit trading and capital markets capabilities. The latter cover fixed income, syndications, asset-backed securities, credit derivatives and convertible bonds.
DIFC Governor Dr Oman bin Sulaiman inaugurated the facility which, he said, has set new benchmarks for the industry in the region. "Facilities such as this will help to generate even more growth in the region's financial markets," he added.
The regional CEO of Standard Chartered, Shayne Nelson, said the bank co-ordinates its various regional activities from the UAE and has expanded its global operations for physical commodities, oil and energy.
The Standard Chartered office at DIFC also the centre for the bank's global market risk management and supports its businesses in the UK. It is the only bank within the DIFC to have its own office building.
"Our continued investment at the DIFC is testament to our commitment to the entire region," Nelso said. /MENAFN/
In a statement, the bank said the facility has 200 trading seats and will support its expanding global financial markets business. "This DIFC trading floor is geared to be a centre of excellence for the Middle East and Africa region," it added.
It stressed that the key product areas include risk management advisory, structuring, interest rates derivatives, foreign exchange, e-commerce, credit trading and capital markets capabilities. The latter cover fixed income, syndications, asset-backed securities, credit derivatives and convertible bonds.
DIFC Governor Dr Oman bin Sulaiman inaugurated the facility which, he said, has set new benchmarks for the industry in the region. "Facilities such as this will help to generate even more growth in the region's financial markets," he added.
The regional CEO of Standard Chartered, Shayne Nelson, said the bank co-ordinates its various regional activities from the UAE and has expanded its global operations for physical commodities, oil and energy.
The Standard Chartered office at DIFC also the centre for the bank's global market risk management and supports its businesses in the UK. It is the only bank within the DIFC to have its own office building.
"Our continued investment at the DIFC is testament to our commitment to the entire region," Nelso said. /MENAFN/
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