Rise Of Electronic Broking Makes Controls Of "Paramount Importance", Says Report

ASSOCIATIONS

Electronic broking services have transformed not only the voice brokers, but the economic structure of all trading rooms, according to a recently released survey by the New York Foreign Exchange Committee, which deems the advent of electronic matching as one of the most significant developments to affect the FX market in recent years.

The survey warns of the potential dangers of increasing market dependency on these services and suggests that the industry will need to work with providers to