R5 TALKS WITH EUROMONEY ABOUT THE DEVELOPMENT OF THE AUSTRALIAN FX MARKET

//R5 TALKS WITH EUROMONEY ABOUT THE DEVELOPMENT OF THE AUSTRALIAN FX MARKET

R5 TALKS WITH EUROMONEY ABOUT THE DEVELOPMENT OF THE AUSTRALIAN FX MARKET

Adam Gazzoli and Nick Ohlin from R5 (and both Australians), spoke with Paul Golden at Euromoney about the ongoing development of the Australian FX market.

A few call outs – 

Adam commented that non-banks in general have grown their market share across all currency pairs, and that the the larger non-banks are showing a growing interest in EMFX, as they seek to capture the benefits of market electronification. 

He added, “Over the last year, we have seen an increasing number of non-banks look to bring their experience from trading G10 to emerging markets”

Nick commented that the AUD/RMB market will grow during the next three years. The AUD is still largely seen as a proxy for renminbi, due to the economy in Australia relying heavily on China. 

Even though leverage is a key focus for ASIC, Nick observed that ratios are unlikely to change. “Leverage is already fairly conservative and we don’t expect there to be a great deal of change to margin requirements as it is generally agreed that the risk is being effectively managed.”

The full article is available at https://www.euromoney.com/article/b18y5zvqbj44hz/fx-non-banks-make-headway-among-smaller-aussie-participants

2018-07-06T15:26:57+00:00