BNP Paribas boosts Asia electronic trading capability
Luke Waddington, head of e-commerce for Asia and Japan based in Tokyo, said demand has come from across client segments, but highlighted hedge funds as a growth area.
“We are seeing a lot of hedge funds popping up in Asia and, while the underlying asset is not foreign exchange, but rather equities and interest rates, the hedging requirements using NDFs is quite strong,” said Waddington.
He said there has also been rising demand from the interbank and tier-three bank market as well as cross-border
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