In a high-volume, low-margin business like the trading of foreign currencies, having the right tool for the job can mean the difference between turning a profit or taking a loss. Using electronic platforms to trade currencies, FX e-trading has already taken hold in the US and Europe as a method to participate in this fast-growing asset class. In Asia however, it has yet to catch on. But some analysts say this is set to change.
Celent, a strategy consultancy, predicts that in the period between 2009 and 2010, daily turnover in the foreign exchange markets could rise to $4 trillion, with 75% of the interdealer spot market volume and 50% of the dealer-to-client volume conducted...
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