Electronic trading grows tenfold in some EM currencies
Rupiah, ringgit and offshore renminbi are biggest areas of growth and interest
Volumes in electronically traded offshore renminbi have grown eight- to tenfold within just a year, and interest in electronic trading of non-deliverable forwards (NDFs) in currencies such as the Indonesian rupiah and the Malaysian ringgit is also rising sharply, delegates heard at the 10th annual FX Week Asia conference in Singapore.
Chris Knight, Standard Chartered's head of e-trading in FX, rates and credit, told attendees of the conference that the bank has seen interest in electronically
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