It was only a matter of time until retail investors were offered an online foreign exchange trading service in Asia. Standard Chartered, SG - the investment banking arm of SociTtT GTnTrale Group - and most recently ANZ Bank have already created online foreign exchange sites that allow the trading of spot transactions, currency swaps and currency forwards by corporate treasurers.
Now retail investors in Hong Kong can execute trades in real time on their own PC. SG and FIMAT have announced the launch of a free 24-hour, internet-based foreign exchange margin-trading service called eFXtrade. FIMAT is an institutional and private investor commodities broker, a wholly owned and independently managed subsidiary...
