5 commercial banks listed as top 7 FX market traders
SEOUL, Aug. 26 (Yonhap) -- Five local commercial banks were among the top seven ...
Seoul's foreign exchange market committee has released its annual list of top performing institutions in foreign exchange transactions. The committee, a public-private body managing the country's FX market, compiled a list of the top seven institutions based on spot trading volumes and foreign exchange swap trading activities over the past year, ending June.
Among the 98 active players in the local market, Kookmin Bank, Shinhan Bank, Woori Bank, Hana Bank, and NH Nonghyup Bank were recognized for their outstanding performance in spot trading. In the foreign exchange swap market, Kookmin Bank, Shinhan Bank, Woori Bank, Hana Bank, JPMorgan Chase, Standard Chartered Korea, and HSBC Korea topped the charts.
The committee's release aims to foster competition and promote sound market practices in South Korea's foreign exchange arena.
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