ING secures derivatives licence in China
It will offer currency, interest rate and credit derivatives such as forwards, options, swaps and structured products.
“We anticipate that demand for derivatives products will strengthen as our clients look for enhanced yield and performance or seek to reduce exposure to fluctuations in financial markets,” ING’s country manager for China, Jean-Francois Gillard, said in a statement.
ING already offers international customers the ability to trade domestic equities and renminbi-denominated treasuries in China.
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