Heather McLean
Heather McLean

Central & Eastern Europe

Heather McLean interviews major technology vendors and FX buy-side and sell-side players in the region.

Heiko Cassens "the local markets in these currencies are well-developed and trading healthy volumes" Rick Schumacher“As trading, liquidity, and the technology infrastructure improve, it will just be a matter of time before FX trading increases”Franck Mikulecz“It's mostly the large international banks’ emerging markets divisions that are taking the FX volumes in CEE currencies.”D'Amario continues: "In hedge funds however, we have seen a slight drop off in trading these currencies, from 31% in 2005 down to 25% in 2006, which is attributable to the fact these companies are very opportunistic in what they see to trade, so they may not see as strong opportunities to trade in this area that they saw last year, and it may also have to do with the fact that you have long-only, non-leveraged, fund managers moving into CEE more."Schumacher says a key contributor to FX volume growth in CEE comes from hedge funds and asset managers...continued

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