Electronic FX volumes expected to reach 80% by 2010
A report by New York-based consulting company Tabb Group said the rise is being led by the rapid deployment of FX algorithms by investment managers seeking best execution across asset classes.
"Initiated by hedge funds searching for alpha and the demand for direct electronic access through their prime brokers to dealing desks at major global banks, asset managers are now bringing FX trading in-house to support best execution across asset classes," said Laurie Berke, a senior consultant at the
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