Apac overtakes Emea for exchange-traded FX, says WFE

The move is largely due to higher volumes of rupee futures and options being traded on India’s exchanges

mumbai-gateway-to-india
The Mumbai-based National Stock Exchange of India and Bombay Stock Exchange are the two largest on-exchange FX trading centres in Asia

The Asia-Pacific (Apac) region now accounts for the largest share of on-exchange foreign exchange trading volumes, according to a report from the World Federation of Exchanges (WFE).

With 47% of FX contracts traded on-exchange in 2016, the Asian region jumped ahead of Europe, the Middle East and Africa (Emea), which heretofore held the crown. Emea’s share slipped to 38% in 2016, from 44% in 2015, just ahead of Apac’s 42%. The Americas accounted for 14%.

With a drop of 3.2% in 2016, the Emea re