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What is e-FX Trading in the Middle East about?

The Middle East region has massive foreign exchange needs due to oil and gas exports and imports, but accounts for a small percentage of global FX trading volume. Electronic FX trading has grown in popularity, though adoption is fragmented across countries in the region. Large corporations and sovereign wealth funds are increasingly using electronic trading platforms to manage FX risk and execute trades for improved efficiency and audit trails. However, local banks still handle most FX business over the pho

Author

richardwillsher

Language

EN