Non-banks up the ante in Asia's FX markets
Primary providers' market share erodes as corporates turn to non-banks
Corporates in some of Asia's biggest markets are rapidly reducing their reliance on primary FX providers for both spot and derivatives transactions, and turning to non-bank market-makers for prices, new research shows.
The market share of primary providers (banks) is "eroding rapidly across the region", according to the Asian Business Foreign Exchange Markets (ABFX) report, published this week by Sydney-based financial research firm East & Partners Asia.
In parallel, non-bank providers continue
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