FX Markets

Review of 2004 - August: Return of the voice broker

Against a backdrop of mergers, joint ventures and the continuing march towards e-broking, Cantor’s move was a catalyst in the FX broking industry, indicating that the voice market may not be as dead as some had believed.

“The inter-dealer business is as healthy as I’ve ever seen it,” said Lee Amaitis, Cantor’s former president and chief executive for Europe and Asia, who became chairman and chief executive of new firm BGC Partners. “After so much emphasis on pushing everything electronic, the

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