Review of 2004 - September: Reuters widens FX access

Following rival EBS’s decision the week before to admit funds to its spot-broking platform, Reuters’ move was 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, business manager for Reuters’ treasury and fixed-income division in London. “The buy side is now really calling the shots. There has been a shift whereby buy-side needs are now being met – not only by the sell side, but by everyone in the

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