Invest Hong Kong (InvestHK) announced that IMC Trading has almost tripled its Hong Kong office space to nearly 20,000 square feet and plans to double its local team to more than 100 staff. The expansion comes a year after its previous major enlargement. The new office will serve as the hub for IMC’s Asia Pacific Systematic Equities business and support recruitment of quantitative researchers, software engineers and traders. Hong Kong remains one of the firm’s two core operating hubs in Asia Pacific, alongside Sydney.
At the office opening ceremony, Hong Kong’s Secretary for Financial Services and the Treasury Christopher Hui outlined ongoing work on market infrastructure and product development. Preparations are under way for a T+1 settlement cycle in the cash market, alongside work to advance the use of wholesale central bank digital currency for derivatives trading outside regular hours. Hui also outlined support for a broader range of indices, exchange-traded funds linked to indices and derivatives products.