Amundi triples Asian electronic forex trading volume in 2 years

Singapore

AMUNDI Asset Management has tripled its electronic foreign-exchange trading volume in Asia over the past two years as Europe's biggest asset manager seeks to boost speed and transparency.

Amundi conducts 70 per cent of its currency transactions in the region electronically, up from 15- 20 per cent two years ago, according to David Logerais, the Singapore-based head of Asian trading. Out of all fixed-income trading, 60-65 percent is now done online, he said. Amundi oversees the equivalent of about US$1 trillion in trading globally, according to its website.