Volumes in the FX market are growing strongly. In April multibank FX trading portal FXall reported that its first-quarter total volume had increased 39% year-on-year to $4.1 trillion. According to Z/Yen Financial Services Benchmarking, algorithmic trading in the FX markets has created large volumes of smaller trades, and the trading of FX as an asset class by hedge funds has given rise to the prime brokerage model, which has also contributed to massive volume growth. There is the burgeoning retail FX trading market. Rising FX volumes and tickets are stretching banks' back-end systems.
BEATING THE BOTTLENECKS Anita Hawser Global Finance; Nov 2008; 22, 10; Docstoc pg. S10 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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