A tech revolution in an old-school industry
MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation in FX.
The foreign exchange market is one the largest in the world, with $7.5 trillion traded per day. Its origins can be traced back to the 19th century, when banks, multinational corporations, and governments exchanged currencies for international trade and investment purposes.
In the 1980s, the market started to shift toward modernisation as computer-based trading systems emerged, enabling the electronic trading of currencies. Now, the FX market is dominated by electronic trading, algorithms and new
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