Asia’s ASP quandary

Despite the global slowdown, ASPs are making ground in Asia as banks reassess their position in the fast evolving foreign exchange environment. But there are still some significant obstacles to overcome. Saima Farooqi reports

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The global technology bubble may have burst, but online trading seems like it’s here to stay. In the US and Europe, banks have been scrambling to set up web-based trading systems for the last few years, but Asia has been slower off the mark. However, there now appears to be growing acceptance of the benefits of internet trading, with application service provider (ASP) infrastructure leading the way. And some software executives are predicting that it is only a matter of time before

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