Boom market

The global FX market has experienced huge growth in recent years thanks in large part to CLS. What has Asia''s role in all this been and can it continue?

According to the triennial BIS survey, in April 2004 an average of $1.9 trillion was traded every day in the global FX market. This was an increase of 36% since the last survey in 2001. The FX market is in rude health at the moment due to a number of key changes that have spurred its growth.

Perhaps the biggest change has been the development of the CLS system, which for the last two years has...

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