Itarle opens Hong Kong office
The company, which recently became a member of the International Commodities and Derivatives Association, is also setting up a Hong Kong-based subsidiary.
The company, which recently became a member of the International Commodities and Derivatives Association, is also setting up a Hong Kong-based subsidiary.
Itarle AG, the specialist provider of multi-asset algorithmic trading and analytics services for sell-side firms, is creating a new subsidiary, itarle (Hong Kong) Ltd and also opening a regional Hong Kong office, which will be based in Tsim Sha Tsui, Kowloon.
It said that the expansion continues a strong growth momentum for the company, which has been in the Asia Pacific region since 2007. Itarle provides algorithmic trading, smart order routing and transaction cost analysis services to sell-side firms executing transactions on global equity and futures exchanges.
The opening of the Hong Kong office “is as a result of client requests for increased exchange support in the region and follows the success of the Asian algorithmic trading services that itarle have deployed in the Equinix HK1 data centre.” Itarle said that David Foster, algorithmic trading manager, is currently recruiting sales and operational staff.