Singapore Positioned As Main Forex Hub As Emerging Markets Grow In Far East

ASIA PACIFIC FOREX

Singapore seems to be winning the race to be Asia's premier foreign exchange trading centre, according to executives at major U.S. and European banks interviewed by FX Week.

As banks worldwide position themselves to profit from Asia's exploding economies, they must choose the best locations: Tokyo, the former favourite, has declined as an FX centre, Hong Kong, say many, runs neck-and-neck for the top spot as a centre for client business; but more and more institutions have turned to Singapore in

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