The move follows regulatory changes in South Korea earlier this month that has opened up the over-the-counter (OTC) derivatives market to the country’s securities firms. The firm plans to submit an application for a licence on August 5 and hopes to begin trading by as early as September this year, said Shin.
The seven-strong derivatives product sales team, headed by J.Y. Choung, will structure equity derivatives products such as equity swaps on single stocks and reverse equity swaps.
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