Online retail forex in Asia set to grow

Horace Fan, president of the Financial Markets Association of Hong Kong, said:"We will see an increase in personnel moving into retail online brokerages. There’s a market there with big potential for growth."

Len Harvey, chief executive of broker Prebon Yamane Asia-Pacific, agreed. "Retail FX is a big-volume business that has really exploded," he said. "Many previously European platforms, such as those from Fimat [the brokerage arm of French bank SG] and Saxo Bank [the Danish investment bank