Stiff competition for multi-bank portals
FX WEEK USA CONGRESS
This was the key message at the panel debate: 'How will the opening up of interdealer platforms to the buyside impact FX?' James Sinclair, head of research and strategy at EBS in New York, said: "If you look at how many venues there are in existence, it is inevitable there will be streamlining. I think there is room in the market for single-bank portals and a small number of multi-bank portals." He also noted that the entry of Bloomberg and Reuters to the market added to the overall number of
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