Apac overtakes Emea for exchange-traded FX, says WFE
The move is largely due to higher volumes of rupee futures and options being traded on India’s exchanges
The Asia-Pacific (Apac) region now accounts for the largest share of on-exchange foreign exchange trading volumes, according to a report from the World Federation of Exchanges (WFE).
With 47% of FX contracts traded on-exchange in 2016, the Asian region jumped ahead of Europe, the Middle East and Africa (Emea), which heretofore held the crown. Emea’s share slipped to 38% in 2016, from 44% in 2015, just ahead of Apac’s 42%. The Americas accounted for 14%.
With a drop of 3.2% in 2016, the Emea
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