Thank you SWIFT for inviting us to be part of the first ever FX Day at SIBOS in London.
11,400 people attended the week long event – a new record – and we made a number of fantastic new connections across the global correspondent banking network.
Click here to view our panel – ‘Implications of China’s economic roadmap on London’s role as the top RMB FX trading centre outside of China’
Mainland China recorded a significant rise in trading activity, to $136 billion in 2019, or an 87% increase since 2016. Mainland China thus climbed several places in the global ranking to become the eighth largest FX trading centre (up from 13th place three years previously) with 1.6% share of activity. The UK cements its position as leading FX centre with 43.1% of turnover – the highest registered since the start of the survey in 1992 and up from 36.9% in 2016