Investment Trends report blames increased regulation.
The number of traders in the Singapore FX market has declined this year to 20,000 from 25,000 in 2011, a decrease of 20%, according to a new report by Australia-based financial research firm Investment Trends (to download the report summary click here).
Singapore market share:
Despite the decrease, Singapore remains a very nice FX market, certainly relative to Singapore’s size, having a population of just over 5 million. By contrast, France has a population of 65 million, and a recent Investment Trends report estimated that France also has about 20,000 total active CFD and FX traders.
For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.