Multi-bank platforms reap e-forex growth rewards
In data published today (April 21), Greenwich reveals that 81% of organisations that trade FX electronically use multi-bank platforms, compared with 57% using single-dealer sites.
Multi-bank platforms confirmed the research with their own trading volumes last week. FXall said its FX trading volumes exceeded $150 billion in March. Average daily volumes are now around $7.5 billion, Mark Warms, chief marketing officer at FXall in London, told FX Week. The firm has seen a steady increase in volumes
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