LatAm continued to account for the 7th greatest volume of e-FX activity in 2013. 1% of global electronic volumes took place in 2013 up from 0.75% in 2012.
The fastest growing region for electronic trading of FX is Caribbean having almost doubled it’s global electronic trading volume since 2012.
Corps users accounted for 19% of e-FX volumes in LatAm in 2013, this is down from 26% in 2012.
Banks were the fastest growing e-FX user group having grown 105% y-o-y.
5 biggest markets for Corps e-FX trading volume in LatAm in 2013 were: | |
Country | Market Share |
Brazil | 36.40% |
Colombia | 30.88% |
Mexico | 19.35% |
Argentina | 5.40% |
Chile | 4.65% |
![e-Fx volume by user type 2013](https://assets.euromoneydigital.com/dims4/default/22d4e5b/2147483647/strip/true/crop/218x232+0+0/resize/800x851!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F56%2Fb2%2F502635be574523692826584855ac%2Ffx2014la3.gif)
![LatAm e-FX volume by user type, 2013](https://assets.euromoneydigital.com/dims4/default/8f865d5/2147483647/strip/true/crop/497x391+0+0/resize/800x629!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F39%2Fd6%2F3a4da34bd0158fd45c6de216a135%2Ffx2014la4.gif)