
Korea’s ‘first online FX platform’ set to grow
Choi’s projection is based on the platform’s uptake since its launch in March -- it now has around 5,000 users, he said.
The platform traded US$250,000 on its first day, but daily volumes are now between US$50 million and US$80 million, according to Choi. "We hope to achieve US$200 million by the end of the year," he said.
Choi founded the company under the name Nforex in April 2000 with the purpose of developing what he claims is South Korea’s first online FX platform. "IBS provides a 24-hour
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com