Singapore remains world’s third largest forex market – survey

Discussion in 'Wall St. News' started by mlawson71, Sep 4, 2016.

  1. mlawson71

    mlawson71

    Singapore continues to be the largest forex center in the Asia-Pacific region and the third largest market on a global scale, outperformed only by London and New York, the Monetary Authority of Singapore (MAS) said on Thursday.

    The data is based on the Triennial Central Bank Survey conducted in April 2016 on the global forex and over-the-counter (OTC) derivatives markets by the MAS and the Bank for International Settlements (BIS). The survey concerns the turnover in the OTC forex and interest rate derivatives markets and aims to provide an overview of the development of the market participants.

    https://smnweekly.com/2016/09/02/singapore-remains-worlds-third-largest-forex-market-survey/
     
    comagnum likes this.
  2. There is still a lot of potential there, in 10 years Singapore will be larger than London.