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HSBC Promotes Foreign Exchange Trading.
Byline: Darana Chudasri
Mar. 10--HSBC plans to launch an Internet-based foreign exchange trading platform in Thailand by the third quarter, according to Larry Campbell, manager of E-commerce Business Development and Marketing for the Asia-Pacific.
The e-commerce platform, named market@hsbc, was first developed and launched in the Asia region in Hong Kong in 2000.
Mr Campbell said Asian currency transactions through the platform totalled around $50 billion per month, up from $4 billion a month last year.
Internet-based foreign exchange trading at HSBC now represents around 10 percent of the bank's total number of transactions, nearly ...
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Source: HighBeam Research, HSBC Promotes Foreign Exchange Trading.