Electronic foreign exchange trading platform EBS has extended its FX prime broking service to Asia, following a significant adoption rate in Europe and the US. Hedge funds, CTAs and fund managers across Asia now have access to the interbank market on EBS in Australia, Hong Kong and Japan.
Material opportunities in Australasia and Asia have come increasingly onto the radar screens of leading platforms eager to make profits from rising FX trading activity in local currencies across the region. According to the Bank for International Settlements, FX turnover in Asian currencies grew faster than the global total between 2001 and 2004 (see table below). Mounting speculation surrounding the possible revaluation of China's renminbi has been a key...
