Consolidation continues in FX
FRONT PAGE NEWS
In its inaugural survey of the North American foreign exchange volume market share, the Foreign Exchange Committee in New York found that the top six dealers had captured 49.45% of the spot FX market. Individually, these dealers make up a minimum of 5.28% of the market.
The second quintile, consisting of six dealers that individually hold between 5.25% and 3.66% of the market, made up 26.94%. The remaining 19 dealers surveyed by the FXC in April made up a total 23.61% of the spot FX volumes.
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