Singapore’s edge in race between Asia’s FX hubs
Singapore is beating Tokyo and Hong Kong in volumes, changing the FX trading landscape in Asia. What is it doing to make sure it's No. 1?
Singapore, Tokyo and Hong Kong are vying to become the unchallenged foreign exchange hub in Asia, as interest in trading in the region sharpens.
Each is strong in a particular aspect of the market. But if the factors behind Asia’s surge in FX trading shift, that could lift one city above its rivals.
Right now, Singapore is laying the groundwork to expand on its current position as the location for institutional FX investors, after overtaking Tokyo and Hong Kong in average daily trading volumes
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