Asia tech hurdle for FX portals
"We’ve generally found that international organisations tend to roll out new technology in Asia last," said Andrew Cromie, Hong Kong-based vice-president of Global Link, the e-commerce platform of State Street Bank that hosts multi-bank portal FX Connect. "Generally, they’ll do London and New York first and Asia tends to follow. So for us, as far as integration goes, that presents a lot of challenges, because there are a lot of legacy systems out there to integrate into what we’re doing."
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