(GLOBAL FINANCE)
The $5.3 Trillion a day foreign exchange market is undergoing rapid change as a result of technology and regulations. Trading FX derivatieves and nondeliverable forwards is migrating to exchanges.
"Growing technical sophistication of dealing banks, and their willingness to back new FX venues, has reignited competition in a market that has not seen significant innovation in many years, and the next phase in electronic FX competition will be charaterized by increased transparency throughout the trade life cycle, low latency trading and client-specific liquidity pools" says Javier Paz (Analyst Aite Group)
Global Winner Best Foreign Exchange Providers : Detusche Bank
Regional Winners : Asia Pasific : HSBC
Country Winners : Indonesia : DBS Indonesia
Criteria :
- Transcation Volume
- Market Share
- Global Coverage
- Customer Service
- Competitive pricing
- Technology
