SINGAPORE - After he finished work last week, Singaporean Lim Shengen was picking up food from McDonald's for his Ukrainian wife who was at home in Woodlands when she called him, sobbing. Amid the crying, Mr Lim was able to make out that she had just seen a video circulating on the Internet of a missile striking an apartment building.
Traders Magazine
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The increase in electronic trading across asset classes, especially in foreign exchange, presents growth opportunities for Pico, which provides technology services for financial markets.
Jarrod Yuster, Pico
Jarrod Yuster, chairman, founder and co-chief executive of Pico, told Markets Media: “The electronification of trading means more firms are focussing on core latency, data and efficiency.”
Trading in fixed income, currencies and commodities was traditionally less electronic than in equities trading but this is changing. Yuster said that foreign exchange presents a large opportunity, especially as Singapore is aiming to become the top FX trading centre in Asia Pacific.