e-FOREX: Regional e-FX Perspective on Asia
Electronic trading across Asia continues to become more widespread and is increasing rapidly by volume. But, as Richard Willsher discovers, the countries and customers of the Asian theatre are so varied that it would be a mistake to see it as a single market where one size fits all.
Research published by Greenwich Associates in March 2014 found that in the previous year, the total volume of FX traded in Asia, ex-Japan executed through electronic systems increased. However this growth failed to keep pace with the overall growth FX trading volume conducted by any method. This illustrates the growing appetite for FX trading across the region but also that not all geographical areas can support the technology required for fully-fledged e-trading.