White-label trend takes root

Although just six banks now have live products on the market, vendors and consultancies report that few top-tier FX houses are not developing their own models, and a slew of new products will hit the markets in the next three months.

They are hoping to capitalise on the perceived advantage of ‘white-labelling’ dealing platforms to their second- and third-tier relationship banks -- the immense flow to be gained in return.

"Things are heating up considerably," said James Kemp, London-based managing