IMC Trading to Increase Employee Count in Hong Kong to 88 Over the Next Two Years

IMC Trading expects to increase its employee count in its Hong Kong office to 88 over the next two years, indicating a trend of foreign companies expanding their operations in Hong Kong. Currently, IMC has 44 employees in Hong Kong and plans to establish the city as its Asian systematic equity trading hub. The company stated that the Hong Kong team will collaborate with the Sydney team on options, ETFs, and futures trading, and will invest in enhancing its artificial intelligence capabilities in Hong Kong. IMC joins firms like Jane Street Group and Citadel Securities in expanding its presence in Hong Kong, contributing to the recovery of the office market there. Banks, trading firms, and hedge funds are attracted by Hong Kong's rich talent pool and the increasingly appealing Asian stock markets. Matthew Benney, head of IMC Asia-Pacific, stated that there are more opportunities in Asia now than at any time in the past decade, and Hong Kong is a key area for IMC's expansion. In 2025, Andrew Fong, a veteran from Citadel Investment and Citadel Securities, will join IMC as managing director, with about 10 new employees already signed on to start in the coming months, including senior ETF traders and options researchers.

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