Nelson Ho Manager, China Business Divisionand eFX Project Coordinator Hantec International
Nelson Ho Manager, China Business Divisionand eFX Project Coordinator Hantec International

Hong Kong and China – a favourable environment for FX trading

On-line forex trading is set to become an integral part of the finance industry in Hong Kong, and China says Nelson Ho, who explores the potential for online FX in the area.

First Published: e-Forex Magazine 12 / FOCUS / October, 2003

Hantec International surveyed the use of online forex trading in Asia and found that the number of users doubled from year 2002 to year 2003. Although the development of on-line forex trading lagged behind the equities market, particularly in embracing the benefits of an online environment, the recent growth in the number of users, especially in the Asia market, indicates that the potential market size is greater than it was expected.The internet has in fact broadened the retail market and allowed ordinary individuals as well as high-net-worth businessmen to take advantage of a medium that is quick, reliable with greater price transparency and user friendly. With strong market penetration, the traditional forex trading practices is, inevitably, enhanced by the emergence of new electronic platforms. Electronic trading has also painted a brand new picture for the financial institutions. For a number of years, forex traders used to carry out business via large business set ups, but now the rapid development of...continued

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