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Derivatives

Rabo Readies Hong Kong Operation

Rabobank is revving up its newly established Asian equity derivatives operation and plans to launch structured products in Hong Kong.

Rabobank is revving up its newly established Asian equity derivatives operation and plans to launch structured products in Hong Kong. "We're importing our capabilities and technology into this market," said Aurelien Bessot, senior trader in Hong Kong. Bessot transferred from London in November to set up an equity platform (DW, 10/15).

The firm also moved its Japanese index-trading book from London and received a license for the Hong Kong market at the onset of the year. Bessot noted Rabo will shortly enter the local warrants market, which is one of the largest in the world, and start options trading. "There's still a lot of potential in this market," he added.

Bessot said Rabo will shift toward more exotic equity-linked structures later in the year after more staff are brought aboard. The bank is looking to have a six-to-seven strong team in place by year end.

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