HSBC still number one for Asia-Pacific FX
Jason Keg, Hong Kong-based head of regional currency trading for HSBC, said the bank has benefited from an "explosion of volumes" in Asia from investors and corporates. "A lot of that is to do with the attraction of capital in the region, as capital and equities markets perform very well, and an increase in trade being developed out of the region."
The domestic currency markets of South Korea, China and India have proved to be the overachievers of the region, he said. According to Keg, daily
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