Greenwich Study Finds Electronic Services Sapping Liquidity In Trickle Down Effect
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Perhaps evidencing the waves of bank and broker consolidations blamed on electronic matching services in recent years, Greenwich Associates' latest report on North American treasury services says that FX volume by regional banks is up more than 25 per cent on average, but that nearly 60 per cent of this volume is traded over electronic matching services.
This has meant declining liquidity among the interbank market makers, which translates into smaller flows and less market information that can
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