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Paul Beck From Komfie Manalo, Opalesque Asia:
France’s role in the global financial market is a bit underestimated, but Paris is just as important, if not more, as the other financial centres in continental Europe, said Paul Beck, head of the Paris office for Eurex Group and Deutsche Börse Group at the recent Opalesque French Roundtable.
The France Roundtable took place in Paris last month and was sponsored by Lyxor Asset Management and Eurex.
"For our businesses, London is obviously the main European market with the biggest market share, followed in second place already by Paris," Beck said. "About 10% of Eurex Exchange’s volumes are generated out of France, on the cash market that figure is even higher. The business is not only generated by the French banks, which are among some of the largest in Europe, but also from a good number of institutional investors and CTAs, some of them being present at this Roundtable. There is also a large community of brokers, so all in all we have a very well diversified membership base in this country."
But when it comes to global finance, Beck believed that France has more potential to offer. He said French traders work not only in French ban...................... To view our full article Click here
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