Tom Roche Global Head of FX e-Commerce at Standard Chartered Bank
Tom Roche Global Head of FX e-Commerce at Standard Chartered Bank

e-FX and Emerging Markets

Tom Roche looks at why there is now a demand for on-line emerging markets offerings which both matches and exceeds that available today in the off-line world.

First Published: e-Forex Magazine 25 / Features / October, 2006

Electronic foreign exchange is now firmly established with a significant percentage of foreign exchange business at the major foreign exchange banks now transacted electronically. After a number of years where exposive growth was recorded in electronic transaction volumes, the e ratios of all major banks are now significantly higher then they were a number of years ago which is now leading to increased interest for emerging market capabilities online.Much of this has been driven by the following factors: 1. Growing comfort from the buy side towards electronic trading resulting in larger sized transactions and a greater number of trades per day. 2. New market entrants trading FX as an asset class. 3. Better and faster technology is facilitating volume growth. 4. Banks are getting more scientific around liquidity management thus facilitating greater support of their electronic strategy.As corporates and institutions alike seek more efficiency and become more sophisticated in their requirements, they...continued

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