Buy side to see Matching prices
The firm is taking spot dealing prices from its Matching service – currently used by 7,000 users at top-flight banks – to the 17,500 bank, corporate, hedge fund, asset manager and institutional investor users of its Dealing 3000 Xtra terminals.
Following rival EBS's decision last week to admit funds to its spot-broking platform, Reuters' move is the latest in a growing trend towards 'buy-side power' in the FX market.
"The FX market has undergone a complete metamorphosis," said Tarun Anand
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