Tora Trading Services, an Asian electronic trading solutions provider, has announced the opening of a new sales and support office in Singapore.
Laura Hanson, Tora vice president and formerly with BGC International and Cantor Fitzgerald, has been appointed to lead the new branch.
“Singapore represents a natural extension of our worldwide sales and support network which provides trading technology and access to liquidity for buy side firms throughout Asia,” said Robert Dykes, Tora Trading Services CEO, in a statement. “Singapore’s dynamic fiscal and legal environment makes it a very attractive location for the buy side firms we already serve in Singapore and throughout the region.”
According to the Monetary Authority of Singapore, assets under management by Singapore-based asset managers have grown at an annual growth rate of more than 25% over the past five years, to a record US$814 billion at the end of 2007. Hedge fund assets managed from Singapore have more than doubled over the past two years.