MarketFactory: fragmentation, credit innovation and Singapore matching
Mergers between FX trading venues have led fragmentation to spill into other asset classes
While tie-ups between foreign exchange trading venues continued in 2018, and are likely to persist this year, there are no fewer FX trading venues in the industry than when the trend started a few years ago – and fragmentation is ongoing, says James Sinclair, chairman of FX technology platform MarketFactory.
As many of these mergers have taken shape between exchanges and over-the-counter trading venues, fragmentation has not only increased among FX instruments, but since traders now have access
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