Nicholas Pratt
Nicholas Pratt

New technologies: Shaping the future of e-FX

Nicholas Pratt looks at why the pace of technology innovation in the FX market may change as a result of the emergence of online multi-bank portals, a booming retail market, more high frequency trading and a general desire for low latency transactions.

First Published: e-Forex Magazine 29 / FOCUS / October, 2007

The FX market has a reputation for lagging behind other markets in terms of the development and deployment of new technology. In many ways this is down to the structure of the FX market. Traditionally it is the big banks that have driven innovations in the FX market, however the developments of the last five or so years – the emergence of online multi-bank portals, a booming retail market, more high frequency trading and a general desire for low latency transactions - have shown signs that this pattern may change and the pace of technology innovation and adoption might quicken somewhat. So with this in mind, what are the technology developments to look out for in the next year? Where is new technology emerging and what impact will it have on trading strategies and volumes? Are new participants bringing new technology with them?  Has the huge growth in trading volumes instilled more urgency in the technology vendor market? Or is there now a larger gap than ever before between customers’...continued

Exclusive Content

The full article is only available to current subscribers. Click here to sign in or subscribe by clicking here