Rabobank is targeting an expansion of its nascent equity desk and has its eye on the Korean and Japanese markets. Howard Tong, head of equity derivatives for Asia in Hong Kong, said the firm, which set up a desk at the onset of the year, is already trading in Hong Kong, Singapore and Taiwan. Early next year Rabo will open trading books for Korea and later in the year likely for Japan, he added.
Tong joined in April to oversee the buildup of the regional operation (DW, 7/22). He said an additional equity derivatives trader and marketer will join the current team of six before the end of the year.
