Trading technology firm opens office in Singapore

A leading provider of commodities and equities trading technology is looking to expand its Asian operations by opening a new office in Singapore.

Trayport has had a presence on the continent since 2006 through its Hong Kong offices and it now hopes to serve those with finance jobs in Singapore such as brokers, traders and exchange clients from its soon-to-be operating premises in the city state.

Opening tomorrow (April 1st), the firm claims that its latest address provides it with a strategic location from which to serve the continent.

Elliott Piggott, chief executive officer of Trayport, said: "We are making Singapore our main centre for expansion in the region due to its great transport links, growing trading community and proximity to many of our existing clients."

He added that by the start of the second quarter of 2011, the firm hopes to have transferred its sales and support departments from Hong Kong to the city state.

Elsewhere, Ryan C Fuhrmann - of Fuhrmann Capital - recently wrote in Street Authority that the influence of Asia over the rest of the world's financial services centres will grow over the forthcoming years and investors need to take action or risk being at a "severe disadvantage".