The Rise and Growth of Australian Non-Bank FX Providers

[kreslik.news]

Australian non-bank FX providers are proving to be the outliers in the global business spot FX market, which is dominated by the big banks.

The State of the Non-Bank FX Industry

In a recent report, specialist research firm East & Partners said thath Australian non-bank FX providers are giving their big bank rivals good competition in the estimated US$117 billion a day business spot FX market. While on a global scale, non-bank FX providers are failing to make a dent in this lucrative market, the East & Partners report said that it is quite a different picture in Australia.

This is due to the ... (read more)