“FX is an important growth area for the firm globally and critically this takes us from a 3-hub model to a 4-hub model,” James Hassett, co-head of global emerging markets and G10 Linear FX, said in the statement. Hassett, also head of flow macro trading for Asia, relocated to Singapore from London in August.
Barclays Plc will start a foreign exchange trading and pricing engine in Singapore in mid-2021, marking the British lender’s fourth electronic currency trading hub globally.
Barclays will build out a local version of the trading system, known as BARX, adding to hubs in New York, London and Tokyo, the London-based bank said in a statement on Wednesday.
