Korea FX reforms expected to drive e-trading surge

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