Optiver expands Asia-Pacific presence with new Singapore office
Market maker Optiver is expanding its footprint in Asia-Pacific (APAC) with the anticipated opening of an office in Singapore in 2021. It will be the eighth office that the firm operates from globally, since its launch in Amsterdam 35 years ago.
According to Optiver’s Group CEO, Jan Boomaars: “Optiver has a long history of doing business in Asia Pacific and its strategic significance in global financial markets continues to grow. We look forward to collaborating with local market participants to contribute to Singapore’s credentials as an international trading hub. We have also been tremendously impressed by the talent in Singapore as we look to recruit locally.”
Optiver Singapore MD, Zhivko Zhelev adds that the firm will be focusing on derivatives trading in commodities and equity products both on Singaporean exchanges and across other markets around the world.
The Singapore opening, marking the fifth office for the Group in APAC, underscores the significance of the region to Optiver’s global business strategy. It is in line with the growing importance of Asian financial markets and the role that Singapore plays in this development. The firm considers Singapore to be a strategic location from which to further strengthen access to Asia’s financial markets, attract local talent and operate in close proximity to regional business partners.
Optiver was one of the first global market makers to establish a presence in Asia-Pacific with the incorporation of Optiver Australia in 1996. Since then it has expanded its footprint by establishing offices in Taipei (2005), Hong Kong (2007) and Shanghai (2012).