Half Of All Trading Will Still Be Voice In Five Years, Says Cognotec's Maccaba

INTERVIEW

LONDON--Brian Maccaba, chairman of FX software trading company Cognotec, predicts that 50% of trading will still be done over the phone in five years' time. He made this forecast in an exclusive interview with FX Week.

This is despite the recent rush towards the automation of FX trading, which has accelerated since FXall and Atriax announced their plans to launch multibank FX trading portals. Maccaba says: "Within every bank there will be a significant percentage of clients who won't go elec