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New FX Venues Emerge
Challenging the establishment – new FX venues emerge. David Mercer, LMAX Exchange CEO, shares insights.The first generation of FX electronic trading venues initially emerged in the interbank market in the early 1990s. Both Reuters and EBS have remained traditional powerhouses in the electronic FX market since their launches, supported by the dealing banks that relied on the two venues to manage their risk in a timely manner.
The second wave of significant changes in the electronic FX market occurred during the late 1990s, when numerous electronic platforms surfaced to address trading issues in the client-to-dealer market. While most of those venues, such as Atriax, Lava, and FXMarketspace, ultimately ceased operations due to lack of market adoption, the few that survived, including Currenex, Hotspot FX, and FXall, form the backbone of today’s established FX ECN players.
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Best FX Trading Platform – ECN/MTF
It’s been a very exciting and busy first quarter of the year: in February, LMAX Exchange was recognised as the ‘Best FX Trading Platform– ECN/MTF’ by the Wall Street Letter Awards, triumphing over industry heavyweights FXall, Knight Hotspot FX & Bloomberg Tradebook. New trading initiatives Our expertise is continuously focused on refining and improving all […]