The new FX equation

Firms are scrutinising expenses more than ever, but despite hard times, one market participant believes innovation will drive down costs and "our best days as a market are ahead of us"

The future is bright: innovation is expected to drive down costs. Photo: Shutterstock/Petr Vaclavek

Banks, the traditional market-makers and liquidity providers of the foreign exchange market, have always loved the currencies business, which offered a steadily growing stream of revenue as volumes boomed with the almost constant arrival of new participants. But, suddenly, there is a distinct feeling for all that the party is over and the lights have been turned on after a long night out on the tiles. 

There are three main reasons for the new intensity with which both the buy and sell side are

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: