Korea FX reforms expected to drive e-trading surge
Dealers say opening onshore FX market to foreign firms will push trading onto platforms
Measures aimed at improving the accessibility of South Korea’s onshore foreign exchange market for foreign firms are set to boost adoption of electronic trading in deliverable won transactions, according to dealers.
South Korea’s deliverable won dealer-to-client derivatives market is dominated by local non-financial corporate exporters and trading is predominantly voice brokered. However, a new scheme being piloted by the country’s Ministry of Economy and Finance and the Bank of Korea is opening
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