Asian prime brokerage ripe for development
NEWS
SINGAPORE -- The FX market in Asia is ripe for developing prime brokerage franchises, with few major banks currently operating in this area, market participants told FX Week.
Despite growing demand in Asia for the service, which enables FX clients to enter the market via a prime broker who trades on their behalf, banks have neglected Asia, so far focusing on prime brokerage clients in North America and Europe.
"I think we’ll see tremendous growth in this area in the next two to five years," said
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