Hong Kong Forex Expansion Continues, This Time With Sucden Financial

UK broker Sucden Financial has announced today that they are expanding their Hong Kong presence, and as of August 27th, will be moving to a larger office. Sucden initially opened an office in Hong Kong in 2008, and the current move will allow them to continue to grow their expansion within China and the rest of and Asia.

The current Hong Kong expansion follows a string of announcements from brokers that they were either entering the market or growing their existing presence there. In July, Goldman Sachs announced that it was cutting staff from its Japan office and moving them to Hong Kong. This occurred after Swiss Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term broker’s Dukascopy and MIG had made announcements to open offices in Hong Kong in April.

22 August 2012 Sucden Financial expands presence in Hong Kong Sucden Financial today announced that as from 27 August it will relocate its Hong Kong operation to larger office premises, as part of the expansion of its Chinese and Asian business. Sucden Financial first opened its Hong Kong office in 2008, and its relocation to larger offices in the centre of Hong Kong’s financial district is reflective of its plans to further expand both its business and personnel in the region. Amanda Chan is the General Manager of the Hong Kong office (Sucden Financial (HK) Limited), which plays a pivotal part of Sucden Financial’s servicing capabilities for its Hong Kong and Chinese clients. Michael Overlander, CEO Sucden Financial, said, “our Hong Kong office is a key hub for the company, and this move further demonstrates our commitment to continuing expansion in the region.”