Blossoming interest
Foreign exchange derivatives trading levels suffered declines this year as hedge funds and other players partly stepped back from the market. But the asset class remains liquid and is attracting a new breed of market participants. Hardeep Dhillon reports
The unwinding of complex foreign exchange structures and the deleveraging of positions that had kept trading desks busy during the first months of the year is largely finished. Increased volatility and diminished risk appetite in global markets, meanwhile, has caused average trade sizes to be smaller in notional terms this year. Nonetheless, interest in foreign exchange continues to blossom in Asia and investment flows are expected to remain healthy, with bankers noting a particular increase in
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