Heather McLean
Heather McLean

Regional e-FX perspective on South East Asia

Heather McLean interviews major banks, technology vendors and buy-side players in the region.

In the Triennial Central Bank Survey of Foreign Exchange and Derivatives Market activity, carried out in April 2007, preliminary global results showed that the turnover in traditional foreign exchange instruments increased globally by an unprecedented 71%, to $3.2 trillion. It seems as though much of this growth can be attributed to South East Asia, and the development of Asia as a whole.There is a lot of awareness of FX as an asset class in South East Asia, states Joseph Ng, head of foreign exchange at Philip Futures. Investors are more educated and savvy, particularly in Singapore, he says. Corporates, hedge funds and retail investors are involved in the market, with the rapidly growing retail being the market to get excited about thanks to transparency on e-platforms and increased competition. While the emerging markets of Asia have shown growth that has outperformed the US or Europe for many years, the Asian markets are now also beginning to achieve sustainability, making the risk rewards much more...continued

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