Terrorist attacks hit e-trading

HotspotFXi lost one of its liquidity providers, and though it declined to name the bank, FX Week understands UBS did not stream prices continually to the platform. UBS said its pricing was unaffected by the disaster, although it did evacuate its Liverpool St building.

Market participants saw some of the big banks dropping out of the market with spot FX volumes initially shrinking considerably as major players were forced from the trading floor.

Hotspot FXi bid/offer spreads widened, especially

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