Single-bank e-FX on the up

FRONT PAGE NEWS

LONDON -- Single-bank Web-FX trading platforms are going from strength to strength, with major product additions and surges in trading volumes, market participants have told FX Week.

Officials at the leading players in the e-FX industry report they are now seeing returns to the investments they made three- to five years ago, with increased business -- both online and offline.

UBS Warburg, which trades some 50% of all external client FX trades online, said it traded more than 10,000 trades

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