Singapore Gets Busy As Other Centers Slow FX Activity Tops Hong Kong For First Time
BANKS
While banks in New York and London having been laying off traders in increasing numbers, foreign exchange executives in Singapore complain about how hard it is to get good help these days. The disparity reflects the remarkable growth of Singapore as a foreign exchange trading center over the past two to three years. While other centers struggle to post single digit increases--average daily foreign exchange trading volume has more than doubled since 1988, recent figures from the Monetary
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