CMC expects major growth in Asia-Pacific FX business

CMC expects to gain about 1,000 new customers, both directly and via white-labelling partners, in the region by the second half of next year, David Trew, managing director of CMC Australia in Sydney told FX Week. "The equity markets haven’t been volatile for the past six months, whereas FX has," he said. "It’s almost like forex has come out of a year of lacklustre activity and is starting to move around again. That attracts traders and hedge funds, so it’s the kind of business we’re naturall