Multi-bank platforms reap e-forex growth rewards

In data published today (April 21), Greenwich reveals that 81% of organisations that trade FX electronically use multi-bank platforms, compared with 57% using single-dealer sites.

Multi-bank platforms confirmed the research with their own trading volumes last week. FXall said its FX trading volumes exceeded $150 billion in March. Average daily volumes are now around $7.5 billion, Mark Warms, chief marketing officer at FXall in London, told FX Week. The firm has seen a steady increase in volum