Liquidity mirage continues in FX, despite platform efforts


The growing number of trading platforms and non-bank market-makers in the foreign exchange market has led to recurrent concerns over the years about the possibility of a liquidity mirage, in which less genuine liquidity is actually available than platforms would suggest. But despite significant efforts to tackle the issue, some traders remain concerned about the quality of the market's underlying liquidity.

"Although the FX market is very deep, the liquidity mirage occurs because it is also very

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